Private Foundations Provide Meaningful Relief to Those in Need
In our chaotic modern world, a philanthropic mindset can mean the difference between a healthy society and a dysfunctional one. With charities and foundations, the richest have learned what it means to support the hurting and the lower class. Though both accounts are in place to care for people in need, there are some differences between the two.
One of the key differences between a foundation and a charity is how these accounts receive their money. A public charity relies on donations and fundraising from society to earn funding for the organization. However, a private foundation is formed with money usually donated by a single person, family, or business. A foundation can in turn make donations to charities in grants or gifts.
Since a private foundation means private funding, the foundation is not counting on public popularity for income. Instead, the foundation can ignore public opinion and decide where the …
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