private foundation
A term to know.
A charity as described under Section 501(c)(3) of the Code, which is not a public charity. In general, a private foundation does not receive a broad base of public support, is limited as to charitable contributions, and is subject to stringent operational rules (called "prohibited transactions").
Synonyms:
30% charities, 30% charity, PF, PFs, private foundations, private non-operating foundation
Synonyms list
(a comma-separated list)
30% charities, 30% charity, PF, PFs, private foundations, private non-operating foundation