Operating Foundation in United States

Definition of Operating Foundation

A concept of Operating Foundation applicable in the United States: A private foundation that uses the bulk of its income, usually earned from assets contributed by a single individual, family, or company, to provide charitable services or to run charitable programs of its own, as opposed to making grants to other organizations. See also NonOperating Foundation, Private Foundation, Public Charity.

Resources

See Also

• Charity
• Foundation
• NGOs