A foundation is a charitably organization formed to benefit some area of society. Why should you know this? Foundation grant money is the reason.
Foundation Grant Money
A Foundation is an entity that functions as a non-profit corporation or charitable trust. Its purpose is to make grants for scientific, educational, cultural, religious, or other charitable purpose. The history of foundations dates back to the medieval times when a wealthy patron would usually endow a monastery or other religious group in perpetuity. Although they are used for many other purposes today, most Foundations still have specific goals that direct who receives the grants.



