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private foundation

/ˈpraɪvɪt faʊnˈdeɪʃən/

1 entry

phrase

/ˈpraɪvɪt faʊnˈdeɪʃən/C1formallegal
  • ruЮридическое лицо, учрежденное физическим лицом, семьей или небольшой группой для благотворительных, образовательных, религиозных или иных филантропических целей, обычно финансируемое из одного источника и не полагающееся на публичный сбор средств.

A legal entity established by an individual, family, or small group for charitable, educational, religious, or other philanthropic purposes, typically funded by a single source and not relying on public fundraising.

  1. Nonprofit organizationB2formal

    A charitable organization established by an individual, family, or corporation, typically funded by a single source, that grants money to other nonprofits or operates its own charitable programs.

    ruЧастный фонд

    • The Rockefeller Foundation is one of the oldest private foundations in the United States.
    • She established a private foundation to support educational initiatives.
    • Private foundations must distribute a minimum percentage of their assets each year to maintain tax-exempt status.