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What are Private Foundations?

April 26, 2017Foundations private

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What are Private Foundations?

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A A private Foundation is a non-profit organization that’s created by wealthy people who want to ‘put something back into the community, so they give grants to people for particular purposes. There are over 30,000 active private Foundations in the US offering grant programs. And the money is non-taxable and interest free. Foundations offer cash grants for scholarships, fellowships, internships, cultural projects, general welfare or other special needs. Each Foundation has a specific mission or purpose and will offer grants for that purpose only.