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What is Non-Profit Foundation?

1/24/2013

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A foundation (also a charitable foundation) is a legal categorization of nonprofit organizations that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes.

This type of non-profit organization differs from a private foundation which is typically endowed by an individual or family.

Description

One of the characteristics of the legal entities existing under the status of "Foundations", is a wide diversity of structures and purposes. Nevertheless, there are some common structural elements that are the first observed under legal scrutiny or classification.

Chart of a foundation

  • Legal requirements followed for establishment
  • Purpose of the foundation
  • Economic activity
  • Supervision and management provisions
  • Accountability and Auditing provisions
  • Provisions for the amendment of the statutes or articles of incorporation
  • Provisions for the dissolution of the entity
  • Tax status of corporate and private donors
  • Tax status of the foundation
Some of the above must be, in most jurisdictions, expressed in the document of establishment. Others may be provided by the supervising authority at each particular jurisdiction.

Foundations in civil law
The term "foundation," in general, is used to describe a distinct legal entity.

Foundations as legal structures and/or legal persons, may have a diversity of forms and may follow diverse regulations depending on the jurisdiction where they are created.

In some jurisdictions, a foundation may acquire its legal personality when it is entered in a public registry, while in other countries a foundation may acquire legal personality by the mere action of creation through a required document. Unlike a company, foundations have no shareholders, though they may have a board, an assembly and voting members. A foundation may hold assets in its own name for the purposes set out in its constitutive documents, and its administration and operation are carried out in accordance with its statutes or articles of association rather than fiduciary principles. The foundation has a distinct patrimony independent of its founder.

Foundations are often set up for charitable purposes, family patrimony and collective purposes.

Independent Foundations

Independent foundations are the most common type of private foundation. They are generally founded by an individual, a family or a group of individuals. They may be operated by the donor or members of the donor’s family—a type often referred to as a family foundation—or by an independent board.

Because family foundations have unique needs, MCF often refers to Private Independent and Private Family Foundations separately.

Corporate Foundations
Corporate foundations are created and funded by companies as separate legal entities, operated by a board of directors that is usually comprised of company officials. Corporations may establish private foundations with endowments, make periodic contributions from profits, or combine both methods to provide a foundation’s resources. Some companies operate in-house corporate giving programs, which unlike corporate foundations are under the full control of the company and are not required by law to follow the same IRS regulations. Many corporations maintain both a foundation and a corporate giving program.

Community/Public Foundations
Community and other public foundations are publicly supported foundations operated by, and for the benefit of, a specific community or geographic region. They receive their funds from a variety of individual donors, and provide a vehicle for donors to establish endowed funds without incurring the costs of starting a foundation. Community/public foundations are administered by a governing body or distribution committee representative of community interests.

There is also a type of foundation that does not generally make grants, called an operating foundation. The majority of an operating foundation’s funds are expended to operate its own charitable programs.

What Limits Are There on Foundation Grant making?

Some foundations have broad discretion regarding the charitable causes to which their grants can be directed. Others are sharply limited—often legally—by the mandate of the foundation donor. Some foundations are restricted to making grants only to specific causes; others must restrict their grant making to a specific geographic area.

How Are Foundations Regulated?

Foundations are governed by stricter regulations than public charities, which generally raise money from the public to operate institutions or programs. Both foundations and public charities might use the term "foundation" in their titles, but very different laws apply to each. The IRS requires that independent and corporate foundations:
  • Annually pay out at least 5 percent of the value of their investment assets.
  • Pay an excise tax of 1 or 2 percent on their earnings.
  • Give money only to other 501(c)(3) organizations, with a few rare exceptions.
Nearly all community/public foundations are considered public charities by the IRS. As such, they are not subject to the same regulatory provisions as independent and corporate foundations.
0 Comments

Charitable Organizations List

1/23/2013

0 Comments

 
A

  • Acorns Children's Hospice
  • ActionAid
  • Action Against Hunger
  • Acumen Fund
  • Adventist Development and Relief Agency
  • Aerospace Heritage Foundation of Canada
  • African Medical and Research Foundation
  • Aleh Negev
  • Allegheny Foundation
  • Alpha Sigma Tau National Foundation, Inc.
  • Alwaleed Bin Talal Foundation
  • Alex's Lemonade Stand
  • The Alliance for Safe Children
  • American Academy in Rome
  • American Himalayan Foundation
  • American India Foundation
  • American Near East Refugee Aid
  • American Red Cross
  • America's Second Harvest
  • Amici del Mondo World Friends Onlus
  • Angel For Hope
  • Andrew W. Mellon Foundation
  • Arizona Foundation for Legal Services & Education
  • Artforum Culture Foundation
  • Association L'APPEL - help for children victims of conflicts
  • Asbestos Disease Awareness Organization
  • The Asia Foundation
  • Audrey Allen Foundation For Children
  • Asia Injury Prevention Foundation
  • Association of Gospel Rescue Missions
  • Atlantic Philanthropies
B

  • Baan Gerda
  • Best Friends Animal Society
  • Better Life, The Foundation for a
  • Bharat Sevashram Sangha
  • Big Brothers Big Sisters of America
  • Big Brothers Big Sisters of Canada
  • Big Brothers Big Sisters of New York City
  • Bill & Melinda Gates Foundation
  • Born This Way Foundation
  • Boys & Girls Clubs of America
  • Bread for the World
  • British Heart Foundation
  • Bremen Overseas Research and Development Association
  • Burroughs Wellcome Fund
  • Bush Foundation
C

  • CAFOD
  • The Canadian International Learning Foundation
  • Cardiac Risk in the Young
  • Caritas
  • Casa Pia
  • The Carter Center
  • Carthage Foundation
  • Catholic Charities
  • Catholic Relief Services
  • CARE International
  • Children in Need
  • Children At Risk
  • Children of Peace International
  • Children's Defense Fund
  • Children's Development Trust
  • The Children's Investment Fund Foundation
  • Children's National Medical Center
  • Child's Dream
  • Child Watch Phuket
  • Christian Blind Mission International
  • Christian Care Foundation for Children with Disabilities
  • Church World Service
  • City Year
  • Comenius Foundation for Child Development
  • Compassion International
  • Cooperazione e Sviluppo
  • Counterpart International
  • Child In Need Institute (CINI)
  • Cancer Research
  • CanTeen
D

  • David and Lucile Packard Foundation
  • Dean Foundation
  • Dr. Moslem Foundation
  • Do Something
  • Doctors without borders
  • Duke Endowment
  • Don Bosco Foundation
  • Don malida Foundation
E

  • East Meets West Foundation
  • Eau Agriculture et Sante en Milieu Tropical
  • Ecuador Humanitarian Foundation
  • Enfants du Monde - Droits de l'Homme
  • Engineers Without Borders (Canada)
  • Environmental Development Action in the Third World
  • Epilepsy Foundation
  • Eppley Foundation
F

  • Food Allergy Initiative
  • Foundation for International Community Assistance
  • Ford Foundation
  • Foundation for a Better Life, The
  • The Fred Hollows Foundation
  • The Fratu Foundation
  • Fremont Area Community Foundation
  • Free the Children
  • Friedrich Ebert Stiftung
  • Fund for Reconciliation and Development
  • Fundacion Manantiales
G

  • GEFEK
  • George S. and Dolores Dore Eccles Foundation
  • German Foundation for World Population
  • Gill Foundation
  • Girl Scouts of the United States of America
  • The Global Fund to Fight AIDS, Tuberculosis and Malaria
  • Give India
  • Grassroots Business Fund
  • Global Village Foundation
  • Greengrants
  • Greenpeace
H

  • Habitat for Humanity International
  • Half the Sky Foundation
  • Handicap International
  • Hands on Network
  • Hands on Tzedakah
  • Heal the World Foundation
  • Heart to Heart International
  • Heifer Project International
  • Helen Keller International
  • Helvetas
  • Hilti Foundation
  • Holt International Children's Services
  • Hope for Tomorrow
  • Howard Hughes Medical Institute
I

  • IHH (Turkish NGO)
  • Illinois Prairie Community Foundation
  • Institusjonen Fritt Ord
  • International Children Assistance Network
  • International Crane Foundation
  • International Federation of Red Cross and Red Crescent Societies
  • International Foundation for Electoral Systems
  • International Fund for Animal Welfare
  • International Medical Corps
  • International Planned Parenthood Federation
  • International Republican Institute
  • International Resources for the Improvement of Sight
  • International Trachoma Initiative
  • Invisible Children
  • Islamic Relief
  • ISSO Seva
J

  • Jivitesh Foundation - India
  • Jain Foundation
  • The Jane Goodall Institute
  • Jesuit Refugee Service
  • Jewish Community Center
  • John D. and Catherine T. MacArthur Foundation
  • Just a Drop
  • JAYC
K

  • Kahrizak charity foundation
  • Kasulu foundation
  • Knut and Alice Wallenberg Foundation
  • Komitee Twee of the Netherlands
  • Konrad Adenauer Foundation
  • KOTO
  • The Kresge Foundation
  • kuzhalmannam education charitable trust
L

  • La Caixa
  • Landmine Survivors Network
  • LDS Humanitarian Services
  • Lifeline Express
  • Li Ka Shing Foundation
  • Lilly Endowment
  • Lions Club
M

  • Macarthur Foundation
  • Make a wish foundation
  • Malian Foundation
  • Malteser International
  • Marie Stopes International
  • Maybach Foundation
  • McKnight Foundation
  • Médecins du Monde
  • Médecins Sans Frontières
  • Mercy Corps
  • Mercy International Foundation
  • Microcharity
  • Mukti (organization)
N

  • Netherlands Leprosy Relief
  • Network for Good
  • New York Road Runners
  • Nimmagadda Foundation
  • Nippon Foundation
  • Nobel Foundation
  • North-South Institute
  • Norwegian Mission Alliance
O

  • The Oaktree Foundation
  • Onassis Foundation
  • ONS Foundation
  • Operation Blessing
  • Operation Smile
  • Operation USA
  • Opportunity International
  • Orbis International
  • Oxfam
P

  • Pin-ups for Vets
R

  • Ratanak International
  • Realdania
  • Reggio Children - Loris Malaguzzi Centre Foundation
  • Robert Wood Johnson Foundation
  • Rockefeller Brothers Fund
  • Rockefeller Foundation
  • Royal London Society for the Blind
  • Royal Society for Prevention of Cruelty to Animals
  • Royal Society for the Protection of Birds
  • Royal Flying Doctor Service
S

  • St. Baldrick's Foundation
  • Saint Camillus Foundation
  • Salvation Army
  • Samaritan's Purse
  • Samsara Foundation
  • Santa Casa da Misericórdia
  • Save the Children
  • Scaife Family Foundation
  • Simone and Cino Del Duca Foundation
  • SCARE for a CURE
  • Schowalter Foundation
  • SKIP of New York
  • Somaly Mam Foundation
  • SOS Children's Villages
  • SOS Children's Villages - UK
  • SOS Children's Villages - USA
  • Sparebankstiftelsen DnB NOR
  • Starlight Children's Foundation
  • Starz Lacrosse Foundation
  • Students Helping Honduras
  • Surdna Foundation
T

  • Telangana Development Forum
  • Taproot Foundation
  • The Water Project
  • Tom Joyner Foundation
  • Toys for Tots
  • TRAFFIC International
  • The Lawrence Foundation
U

  • UMCOR
  • UNICEF
  • United Nations Children's Fund
  • United Nations Development Program
  • United States Coast Guard Auxiliary
  • United States Golf Association
  • United States Artists
  • Universal Health Care Foundation of Connecticut
V

  • Vietnam Children's Fund
  • Vietnam Veterans Memorial Fund
  • Vietnam Veterans of America Foundation
  • Virtu Foundation
  • Volunteers of America
  • Voluntary Service Overseas
W

  • Wellcome Trust
  • The Weston Foundation
  • Wetlands International
  • Wikimedia Foundation
  • William and Flora Hewlett Foundation
  • W.K. Kellogg Foundation
  • WildAid
  • Wildlife Conservation Society
  • William J. Clinton Foundation
  • Woodrow Wilson National Fellowship Foundation
  • World Conservation Union
  • World Medical Relief
  • World Vision International
  • World Wide Fund for Nature
  • World Wildlife Fund
  • World Scout Foundation
  • Wyoming Wildlife Federation
  • Wounded Warrior Project
Y

  • Young Lives
  • Youth with a Mission
  *   YouthBuild
0 Comments

Non-profit Organizations List

1/23/2013

2 Comments

 
As of May 14th, 2012

Rank    Name
1.         National Public Radio - NPR
2.         Ted Talks
3.         Public Broadcasting Service
4.         American Red Cross
5.         Metropolitan Museum of Art
6.         People for the Ethical Treatment of Animals
7.         American Cancer Society
8.         WikiLeaks
9.         United Nations Children«s Fund (UNICEF)
10.       Smithsonian Institute
11.       Museum of Modern Art
12.       Humane Society of the United States
13.       American Society for the Prevention of Cruelty to Animals
14.       World Wildlife Fund
15.       AARP
16.       Amnesty International USA
17.       Do Something
18.       St. Jude's Children's Research Hospital
19.       World Bank PNGO Project
20.       Planned Parenthood Federation of America
21.       Nature Conservancy
22.       Kiva
23.       Creative Commons
24.       Green Peace
25.       Mayo Foundation
26.       Invisible Children
27.       World Food Program USA
28.       ACLU
29.       Human Rights Campaign
30.       ONE
31.       American Heart Association
32.       American Diabetes Association
33.       Panda.org
34.       Human Rights Watch (HRW)
35.       Bill and Melinda Gates Foundation
36.       United States Olympic Committee
37.       World Vision USA
38.       Cleveland Clinic Foundation
39.       Boy Scouts of America
40.       Rotary Foundation of Rotary International
41.       Sierra Club
42.       Feeding America
43.       New York Public Library
44.       Doctors Without Borders
45.       National Wildlife Federation
46.       United Nations High Commissioner for Refugees
47.       Charity: water
48.       Livestrong
49.       Natural Resources Defense Council
50.       Alzheimer's Association
51.       American Museum of Natural History
52.       Habitat for Humanity
53.       Susan G Komen Breast Cancer Foundation
54.       Metropolitan Opera Association
55.       Save the Children
56.       Defenders of Wildlife
57.       Zoological Society of San Diego
58.       March of Dimes Foundation
59.       National Multiple Sclerosis Society
60.       Children's Hospital (Boston)
61.       Girl Scouts of America
62.       Focus on the Family
63.       Wounded Warrior Project
64.       In Touch Ministries
65.       United States Fund for UNICEF
66.       Environmental Defense
67.       Council on Foreign Relations
68.       Art Institute of Chicago
69.       Monterey Bay Aquarium
70.       Best Friends Animal Society
71.       Amnesty International
72.       USO
73.       CARE
74.       Billy Graham Evangelistic Association
75.       Goodwill
76.       Oceana
77.       Salvation Army USA
78.       Make-A-Wish Foundation
79.       Special Olympics
80.       Samaritan's Purse
81.       National Audubon Society
82.       Heifer Project International
83.       Oxfam America
84.       Philadelphia Museum of Art
85.       Museum of Fine Arts, Boston
86.       International Rescue Committee
87.       Veterans of Foreign Wars
88.       Teach for America
89.       Juvenile Diabetes Research Foundation International
90.       United States Conference of Catholic Bishops (USCCB)
91.       Leukemia & Lymphoma Society
92.       Sea Shepherd Conservatory Society
93.       National Parks Conservation Association
94.       Cystic Fibrosis Foundation
95.       Ducks Unlimited
96.       Friends of the National Zoo
97.       JFK Center for Performing Arts
98.       Compassion International
99.       International Federation of Red Cross and Red Crescent Societies
100.     William J. Clinton Foundation
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