Difference between revisions of "Foundations"
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'''Foundations''' are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often [[liberal]] ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions.{{fact}} | '''Foundations''' are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often [[liberal]] ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions.{{fact}} | ||
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==Additional References== | ==Additional References== | ||
:[http://foundationcenter.org/findfunders/topfunders/top100assets.html Top 100 U.S. Foundations by Asset Size] | :[http://foundationcenter.org/findfunders/topfunders/top100assets.html Top 100 U.S. Foundations by Asset Size] | ||
:[http://foundationcenter.org/findfunders/topfunders/top100giving.html Top 100 U.S. Foundations by Total Giving] | :[http://foundationcenter.org/findfunders/topfunders/top100giving.html Top 100 U.S. Foundations by Total Giving] | ||
Latest revision as of 23:47, December 14, 2009
Foundations are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often liberal ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions.[Citation Needed]