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A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities.
A foundation in the United States is a type of charitable organization. Though, the Internal Revenue Code distinguishes between private foundations (usually funded by an individual, family, or corporation) and public charities ( community foundations and other nonprofit groups that raise money from the general public).
Foundation (cosmetics), a skin-coloured makeup cream applied to the face; Foundation (engineering), the element of a structure which connects it to the ground, and transfers loads from the structure to the ground; Foundation (evidence), a legal term; Foundation (nonprofit), a type of charitable organization
The Ford Foundation was founded in 1936, and after the deaths of Edsel Ford and Henry Ford it was given by the family all of the non-voting shares of the Ford Motor Company. The family kept all the voting shares, which although far fewer in number, assured its continuous control of the corporation.
Foundation with pipe fixtures coming through the sleeves. In engineering, a foundation is the element of a structure which connects it to the ground or more rarely, water (as with floating structures), transferring loads from the structure to the ground. Foundations are generally considered either shallow or deep. [1]
The first community foundation was set up in Cleveland in 1914 by Frederick Goff and operates now as The Cleveland Foundation. [3] Others soon followed including the California Community Foundation and the Chicago Community Trust. The first Community Foundation in Canada, The Winnipeg Foundation, was established in Winnipeg in 1921. [4]
Attorneys must lay a foundation for witness testimony at trial. [26] The process differs when the witness is a lay witness or an expert witness. [ 26 ] However, as a baseline matter for both expert and lay witnesses, the testimony must be established to be helpful in assisting the trier of fact understand a fact at issue in the case.
A private foundation is a tax-exempt organization that does not rely on broad public support and generally claims to serve humanitarian purposes. [1] [2] [3]Unlike a charitable foundation, a private foundation does not generally solicit funds from the public or have the legal requirements and reporting responsibilities of a registered non-profit or charitable foundation. [4]