Charitable Foundations

Know Everything About Charitable Foundations

Your Guide to Know Everything About Charitable Foundations

Charitable foundations, also denoted as non-profit organizations, are groups that center on serving others by the direct contributions of money, active participation and social involvement. They are unlike traditional charities in that they are large organizations that fund other smaller charities. These charities can focus on a range of causes.

Some Facts about Charitable Foundations

• Two of the most renowned charitable foundations in the world are the Bill and Melinda Gates Foundation, which is dedicated to education and global health, and the Ford Foundation, which works for the promotion of democracy.

• While traditional charities mostly rely on public donors to help increase funds, charitable foundations are normally funded by a particular family or group. These tend to be high net worth individuals or financially sound groups.

• According to the Guinness Book World Records, the Bill and Melinda Gates Foundation is the largest charitable foundation in the world, with a record endowment of $38.7 billion.

Billions of Dollars Awarded

Each year, there are billions of dollars awarded to charity organizations from private charitable foundations. Most of the people who work for non-profit organizations know this money is out there, but many do not know how to apply, how much their organization might qualify for, or even how to go about applying for any of this money.

Applying for Charitable Foundation Grants

The first thing to do is contact the foundation or organization to inquire about grants your charity may qualify for. They should send you a list of grants, the size of the grants and how to qualify for one – in addition to an application you can submit back to them. If your organization is granted money from the charitable foundation, be sure to use it to further your cause wisely and judiciously.