Knowledge Base

What is a Foundation?

Broadly speaking, a foundation is a nonprofit corporation or a charitable trust that makes grants to organizations, institutions, or individuals for charitable purposes such as science, education, culture, and religion. There are two foundation types: private foundations and grantmaking public charities.

Topic(s) Foundation Giving Government Giving

Knowledge Base

What is the difference between a private foundation and a public charity?

Foundation Center defines a private foundation as a nongovernmental, nonprofit organization having a principal fund managed by its own trustees or directors. Public charities generally derive their funding or support primarily from the public, receiving grants from individuals, government, and private foundations. Grantseekers should know the difference.

Topic(s) Foundation Giving

Knowledge Base

How do I learn about dissolving a private foundation?

Most foundations are set up to have a perpetual life-span, spending out only the interests from their investments while keeping the initial endowment intact. Other foundations choose to have a limited life-span. Regardless of the reason for the termination, foundations dissolve by "spending down" their assets in compliance with both state and federal law.

Topic(s) Foundation Giving Starting a Nonprofit

Knowledge Base

What is a giving circle?

According to the Forum of Regional Associations of Grantmakers' More Giving Together, a giving circle "is formed when individuals come together and pool their dollars, decide together where to give the money (and other resources such as volunteer time), and learn together about their community and philanthropy."

Topic(s) Foundation Giving Individual Giving

Video

Creating Impact Through Nonprofit and Funder Collaboration

Foundations and nonprofits explain how collaborative relationships, which go beyond mere grantmaking, ultimately result in stronger impact in communities. Panelists will share thoughts on the rationale behind their collaborations, how they make these partnerships work, what challenges they have faced along the way, and the results they 've seen from their efforts together.

Topic(s) Fundraising Foundation Giving