private foundation

A charitable organization that is funded by a single source, derives its income from investments rather than contributions, and makes grants to other charitable organizations.

• A private foundation is generally exempt from taxation. IRC (26 USCA) § 509.

— Also termed private nonoperating foundation.


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资深译员Laura,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与美国公司法规有关的法律文件。
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