Private Foundation

A private foundation is a type of charitable organization that is typically established by an individual, family, or corporation to provide funding for various philanthropic activities. It usually relies on its endowment, or invested funds, to make grants to support causes such as education, health, arts, and social services. Unlike public charities, private foundations receive most of their funding from a single source and are governed by a board of trustees. They offer donors tax advantages but are subject to specific regulations regarding spending and reporting to ensure they fulfill their charitable missions effectively.