Foundations
A foundation is an organization created to support charitable
activities by establishing a permanent fund by means of endowments
or contributions for charitable, educational, religious, research,
or other benevolent purposes. The purpose of a foundation is to
disperse monetary support for issues that are in line with the
mission
of the foundation. These grants are given in an effort to endorse a
specific activity or activities for a charitable purpose. Not all grants are funded and
guidelines among foundations will vary.
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Types of Foundations: |
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Types of Support Foundations Provide: |
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- Operating funds (General Support)
- Special Projects of Programs
- Capital/Equipment
- Endowment
- Research
- Evaluations
- Outreach
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Private Foundation Resources |
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- Formula Grants
- Allocations of money to states or their subdivisions
in accordance with distribution formulas prescribed by
law
- Project Grants
- Competitive funding for fixed or known
periods, or specific projects
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Mission
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-- of an organization, a purpose that fulfills a societal need.
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Family Foundation
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-- a foundation funded entirely by one family.
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Special Purpose Foundation
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-- a public foundation that focuses its grantmaking activities on one or a few special areas of interest.
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Corporate Foundation
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-- a private foundation, which is funded by a profit-making corporation,
has as its primary primary purpose the distribution of grants according to established guidelines.
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Service Foundation
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-- An organization that provides some sort of service, and is created
from designated funds from which the income is distributed as grants to nonprofit organizations
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National Foundation
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-- An organization created from designated funds from which
the income is distributed as grants to nonprofit organizations at a national level.
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