What is the foundation?
Foundation is a charity gift in the form of real estate, assets or funds, usually provided to the institution to support a specific goal. The common recipients of the foundation are libraries, universities and hospitals. In general, the foundation is relatively large and the institutions often receive several foundations that are connected in a common fund. Usually, the foundation director is invested and interest is used to finance projects. Especially for universities, this practice allows the university to accumulate a large amount of wealth that can be used to maintain a step with other competing universities. Part of interest is usually reinvested every year, allowing the principle to increase considerably. Most institutions leave the management of their foundations to private counseling companies that specialize in handling Largeme accounts and tend to invest funds in low -risk environment to avoid losses. Donors who have donated a foundation can often limit how it will be used, for example, stipulates that their foundation funds must be usedY to build a new university library. Usually, donors of private institutions are in some way associated with an institution; For example, university graduates often donate amounts to their alma materials to improve them.
In addition to private institutions such as universities and universities, they are also used to create national funds such as the National Art Foundation and the National Foundation for Humanities. These foundation funds are maintained to support artists innovators in achieving their goals and funds are usually paid in the form of grants. These types of foundations enrich the company as a whole and will benefit anyone who is willing to write a grant to ask for funds. In some cases, government supports national foundations to prove a commitment to culture.
The form that the foundation takes can vary. In some cases, the entire property serves as a foundation, with a worshiped tentOvation in its will should be a farm to develop the institution. In other cases, the philanthropist devotes a large amount of money to support the matter during his life. Some philanthropists distribute foundations through private foundations that have their own foundations to finance their missions on the support of art, sciences or other goals they feel strong about.