<P> In the United States , many philanthropic and charitable organizations ( such as the Bill & Melinda Gates Foundation ) are considered to be foundations . However , the Internal Revenue Code distinguishes between private foundations ( usually funded by an individual , family , or corporation ) and public charities ( community foundations or other nonprofit groups that raise money from the general public ) . While they offer donors more control over their charitable giving , private foundations have more restrictions and fewer tax benefits than public charities . </P>
<P> In the United States , many philanthropic and charitable organizations ( such as the Bill & Melinda Gates Foundation ) are considered to be foundations . However , the Internal Revenue Code distinguishes between private foundations ( usually funded by an individual , family , or corporation ) and public charities ( community foundations or other nonprofit groups that raise money from the general public ) . While they offer donors more control over their charitable giving , private foundations have more restrictions and fewer tax benefits than public charities . </P>
are owned by the members and typically hold private nonprofit status
are owned by the members and typically hold private nonprofit status
private foundations
private foundations