What is a private non-operating foundation?
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Last modified 9/16/2020 3:28:35 AM EST
A private non-operating foundation is a foundation that grants money and distributes funds to other charitable organizations. These foundations contribute money for charitable purposes and make up for the vast majority of the private foundation community.
These foundations are eligible to conduct their charitable activities and award scholarships, make grants to individuals, international organizations that aren’t recognized as 501(c)(3) charities, etc.