philanthropic foundation
Noun: - An organization established to distribute funds for charitable purposes: A philanthropic foundation is a type of non-profit institution that is created with an endowment. Its primary purpose is to provide financial support (grants) to other organizations or individuals in areas such as scientific research, the arts, education, religion, healthcare, or social welfare.
A philanthropic foundation is typically governed by a board of trustees or directors who oversee its endowment and grant-making activities. It is a structured entity, distinct from individual charitable giving. - The Carnegie Foundation is a well-known philanthropic foundation that supports education. - She left her fortune to establish a philanthropic foundation focused on medical research.
- "To be endowed as a philanthropic foundation": To be established with a permanent fund of money whose income is used for charitable grants.
- The trust was endowed as a philanthropic foundation to support the local arts scene in perpetuity.
- Foundation (n): An organization established to fund or support charitable, educational, or research activities. (Note: While all philanthropic foundations are foundations, not all foundations are exclusively philanthropic; some may be corporate or family-focused).
- Charitable trust (n): A legal entity set up for charitable purposes, similar in function to a foundation.
- Grant-making organization (n): A general term for an institution that provides funds to other entities, which includes philanthropic foundations.
- Charitable foundation
- Grant-making foundation
- Endowed foundation
- To establish a philanthropic foundation: To legally create and fund such an organization.
- The billionaire announced plans to establish a philanthropic foundation to combat climate change.
- To administer a philanthropic foundation: To manage the operations and grant distribution of the foundation.
- Her life's work was administering the philanthropic foundation her grandfather founded.
- Philanthropy (n): The desire to promote the welfare of others, typically expressed by the generous donation of money to good causes. A philanthropic foundation is a formal vehicle for practicing philanthropy.
- Endowment (n): The capital or property donated to an institution, like a foundation, which is invested to provide income for its operations and grants.
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a foundation that provides funds for science or art or education or religion or relief from disease etc.
