Non-profit Accounting

Running head : NameUniversity CourseTutorDateIntroductionFoundations meet played a all-important(a) fictional character in ameliorate the welf nuclear number 18 of the multitude they entertain . They atomic number 18 non-profit organizations with programs and specie managed by directors or cussees . They are a great spread established to aid or maintain educational , loving , religious , charitable and other(a)(a) causes , which improve the welfare of mass they are directed at Foundations mostly apply to non-governmental agencies , although tight governmental organizations use the experimental condition . In the US , they are formed through trust agreements , federal or submit chartersAccording to Powell and Steinberg (2006 , there are basically two types of base of operationss private and residential district foundations . Community foundations are make outd by the civil ordering , are funded by diametrical originations , and are aimed at improving the fond welfare of the community Private foundations on the other pass on primarily fund individuals or charities , instead running charities by themselves .

almost of them obtain funds from unitary major source , dissimilar community foundationsFoundations can study their roots to the line of origin of the 19th century In the US , the foundations became famous imputable to the philanthropic activities of Andrew Carnegie and John Rockefeller . These slew were businessmen and they amassed wealth which they liberally shared with the people in need . According to Noya and Nativel (2003 , Carnegie funded the create of museums and libraries , while Rockefeller created a foundation named after him , this foundation prankish the pace for the creation of foundations since it was the largest at the time . Many foundations have...If you human death to get a safe essay, order it on our website: Ordercustompaper.com

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