Private Foundation Grants Guide for Smart Giving Strategy
Private foundation grants are one of the most deliberate and thoughtful ways to support important causes. Private foundation grants are those grants that are awarded by a private foundation. Private foundations are organizations that are usually funded by philanthropic dollars from individuals, families or corporations. Unlike public charities, they have a great deal of control over the granting process. Private foundation grants are considered to be one of the most powerful ways to make a philanthropic impact. Experts say that private foundations are managed by a board of trustees that oversees investment decisions. The Purpose Behind Private Foundations Essentially, private foundations have been created to transfer wealth for the betterment of society. They function as tax-exempt organizations that support various causes, including education, healthcare and research. What makes them different is that they can continue to support a mission over time, thereby providing a lasting phila...