CHARITABLE FOUNDATION

A charitable foundation is a type of nonprofit corporation or trust that provides grants to other organizations or institutions for charitable purposes such as science, education, culture, and religion.

There are two types of foundations: public foundations and private foundations.

Private foundations are typically established by an individual, family, or corporation and are responsible for receiving charitable contributions, managing and investing charitable assets, and making grants to other charitable organizations.

Charitable trusts are required to report any amendments to the instrument within four months of the making of the amendment.

Working with charitable foundations is a great way to give back to the community and contribute to causes that might need help.