The Foundation : A Private Foundation

The private sector is comprised of companies run by individuals for a profit; some examples of this are sole traders- exclusive owners of a business, a limited company, a partnership or a public limited company. The public sector is where all of the government run services fall into, like the NHS or policing services. The voluntary sector are non-profit, non-governmental charities that benefit the public, examples of this are charities such as the NSPCC and Age Concern.

• Established philanthropic are willing to donate money to cover start-up costs such as equipment or to support a capital improvement fund-raising campaign. They

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

There are other agencies that are funded purely on donations alone. The Salvation Army is one of these agencies, and it offers assistance to the society in dire need in ways such as housing, health, providing support, clothing, food etc. (The Salvation Army 2009)

If the donors’ principles or behaviors mismatch with the nonprofits, the nonprofits should not accept the gift even though it is a large one.

As the volunteer Coordinator informed me we get our funding through public and private grants, city funding, and even private donations. The

A trust is a fund or foundation and will qualify. However, an individual or a partnership will not

(2013) found that foundations have increased both the amount and scope of their donations to

The foundation supported a wide variety of groups, favoring Jewish charities, veteran’s groups, the arts and children’s non-profits. Almost all of the foundation’s gifts during this period were for amounts less than $1,000. There were however a few exceptions: Jewish Community Foundation $100,000 given in FY12 (this was the only gift in FY12 over $1,000), Jewish Federation of Greater Los Angeles ($27,500 given FY14 and $26,000 in FY13) and Jewish Home for the Aging ($22,250 given FY14, $25,900 given

Chapter One of “Philanthropy in America” starts by introducing some of the earliest laws that were in place in America and what problems they posed to philanthropy. Some examples of laws that were in place at the time were limitations to how much money or funds a certain establishment could gain. One example that Zunz had given was that of Jennie Fiske attempting to bequeath her fortune to Cornell University. This resulted in the University not being able to accept the fortune, but also new legislation was passed in order to create the ability to obtain limitless assets. Another law that was in place was the inability of those obtaining wealth to have freedom to choose what is done with it. This caused many heirs to fortunes to challenge wills

Clinton foundation was founded in 1997 and was known as William j Clinton foundation but from 2013 to 2015 it changed to Bill, Hillary, & Chelsea Clinton foundation. It was formed under section 501 c 3 of the US tax code as a nonprofit corporation. The former president bill Clinton established this foundation. The aim of this foundation is to “strengthen the capacity of people in the

While the terms nonprofit and not-for-profit are viewed by many as synonymous terms, they are differentiated as follows. Nonprofit Organizations (Non-Profit Organizations) operate very much like commercial businesses but do not seek a profit. Non-Profit Organizations include charities, private schools, and research organizations. Non-Profit Organizations do not pay taxes; donations to many are tax-deductible, usually up to a certain dollar limit. To be considered for Non-Profit Status, however, a nonprofit must register with the IRS, under section 501(c) of the federal Internal Revenue Code. Not-for-profit organizations (NFPOs), on the other hand, pay taxes and may earn a profit, but unlike dividends, those profits are not distributed to its owners or members (distribution principle). NFPOs include private clubs, sports organizations, political organizations, and advocacy groups. Contributions to not-for-profits are not tax deductible. While this research guide focuses on Non-Profit Organizations, it will cover issues in the entire nonprofit

The Rockefeller Foundation was created in 1913 by John D. Rockefeller Sr. to “promote the well-being of mankind through the world.” The foundation invests its resources on four areas related to each other -- revalue ecosystems, advance health, secure livelihoods, and transform cities. In addition, the foundations funds initiatives related to their core areas such as Sustainable Transportation and Improving Food Security.

Their Global Development branch is the newest and smallest of three, having donated just under $30 million in grants to the cause. The initiative focuses on education and infrastructure in underprivileged nations. The first grant was issue in May, 2006; $1.2 million was given to the University of Maryland to help evaluate and improve vaccines by studying various diseases of young children in third world countries. The most recent grant was $15 million to Columbia University’s Earth Institute, whose goal is “Mobilizing the Sciences and Public Policy to Build a Prosperous and Sustainable Future.” 2 Another notable grant is almost $10 million across five years to help increase access to safe water and promote better hygiene in Kenya through stimulating an existing school-based education program.

Any company aim is to increase the profit for the share holders, receive dividend (distribution of profits) in order to invest again or issue shares (selling part of the capital, method mainly used by big business to avoid asking bank loans and have liquidity – cash flow), take bank loans, while non for profit organization aim, is not to gain profit or save money but to spend for social purposes, explaining how the money was spent. There are four main types of charities structure; Charitable incorporated organization, Charitable Company,