Philanthropic Foundation
/ˌfɪlənˈθrɑːpɪk faʊnˈdeɪʃən/
Definitions
- (n.) A nonprofit legal entity established to support charitable activities through grants or direct funding.
The philanthropic foundation donated millions to improve public education.
Forms
- philanthropic foundation
- philanthropic foundations
Related terms
See also
Commentary
The term often involves specific tax and regulatory frameworks; drafting should clarify the foundation's charitable purpose and governance to comply with applicable laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.