Title: How to Start a Private Foundation
Headings: How to Start a Private Foundation
How to Start a Private Foundation
What Is a Private Foundation?
How Starting a Private Foundation Works
Key Takeaways
How To Start Your Own Private Foundation
How to Establish Your Foundation
Benefits of Having a Private Foundation
Is Your Own Foundation Worth the Trouble?

Content: How to Start a Private Foundation
Small Business How To Start A Business
How to Start a Private Foundation
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Amy Fontinelle has more than 15 years of experience covering personal finance—insurance, home ownership, retirement planning, financial aid, budgeting, and credit cards—as well corporate finance and accounting, economics, and investing. In addition to Investopedia, she has written for Forbes Advisor, The Motley Fool, Credible, and Insider and is the managing editor of an economics journal. She is a graduate of Washington University in St. Louis. Learn about our editorial policies
Amy Fontinelle
Updated Feb 24, 2020
What Is a Private Foundation? Like public charities, private foundations are defined under section 501 (c) (3) of the Internal Revenue Code. In fact, "private foundation" is the default status given to organizations granted 501 (c) (3) status . Unlike a public charity, a private foundation typically makes donations, called grants, to other charities. It usually does not conduct its own charitable operations. Private foundations make grants either to fund an organization's general operating expenses or to fund a specific program. They can also make grants to individuals if they follow IRS rules.