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Preferred term

foundations  

Definition

  • Although they sometimes have a global reach and are often compared across borders, foundations must follow applicable national laws that vary widely. In general, a foundation is a legally established corporation or trust that holds and invests assets donated by one or more donors for purposes deemed “charitable” under relevant law and distributes the income, and sometimes the assets themselves, to charitable purposes. [Source: Encyclopedia of Global Studies; Foundations]

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URI

https://concepts.sagepub.com/social-science/concept/foundations

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