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What is a foundation?


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Updated by MCCY-CU

A foundation is perceived as an organisation with its own sources of funding (e.g. financed by a donation or a legacy provided by an individual or company or unsolicited private donations) dedicated to educational, religious, research or other charitable purposes. Due to the connotation that it is self-funded, foundations should not conduct any public fund-raising appeal to raise funds for its activities.


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