Читать книгу The Tax Law of Charitable Giving - Bruce Hopkins R., Bruce R. Hopkins, David Middlebrook - Страница 45

A private foundation, then, is a charitable organization⁵⁰⁸ that is not one of the foregoing types of charitable organizations. It is essentially a charitable organization that is funded from one source (usually, one individual, family, or corporation); that receives its ongoing funding from investment income (rather than a consistent flow of charitable contributions); and that makes grants for charitable purposes to other persons rather than conducting its own programs.