High Quality Content by WIKIPEDIA articles! A private foundation is a charitable organization recognized by the US Tax Code at 26 U.S.C. § 509 and section 501(c)(3). It is defined by a negative definition, in other words, it is defined by what it is not. A private foundation formed in the United States is a charity, but it is not a public charity (a term of art defined by the 501(c)(3)) and is not a supporting organization. A private foundation is a nonprofit organization having a principal fund managed by its own directors or trustees. Private foundations maintain or aid charitable, educational, religious, or other activities serving the public good, primarily through the making of grants to other nonprofit organizations. Most private foundations in the US are non-operating foundations, also called grantmaking foundations, which primarily provide support to public charities, individuals and to other organizations to further a charitable cause.

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