foundation
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AI overview
A foundation is a nonprofit organization set up to distribute money and resources to support charitable causes and communities. It matters because foundations fund important work in areas like education, health, and social services that might otherwise lack financial support.
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Article
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. Foundations encompass public charitable foundations, like community foundations, and private foundations, which are often endowed by an individual or family. Nevertheless, the term "foundation" might also be adopted by organizations not primarily engaged in public grantmaking.
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