philanthropic foundation

A philanthropic foundation is an organization that uses its financial resources to promote charitable activities and support social causes. These foundations are typically funded by donations from individuals, families, or corporations and aim to address issues such as education, health, poverty alleviation, and environmental protection. They grant money to non-profit organizations or projects that align with their mission and goals. By doing so, philanthropic foundations play a crucial role in fostering social change and improving the quality of life in communities worldwide.