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.

Knowledge base

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

Candid 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.

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.

Video

Getting Ahead of the Curve with Diversity, Inclusion, and Equity

How can nonprofit organizations proactively address the issues of diversity, inclusion and equity within their organization in a way that generates positive and transformative change? Join us for a fascinating and informative conversation with Carly Hare, National Director/Coalition Catalyst at Change Philanthropy,