Non-profit Accounting

Running head : NameUniversity CourseTutorDateIntroductionFoundations have played a all-important(a) economic consumption in improving the welf atomic number 18 of the pouch they entertain . They argon non-profit organizations with programs and funds managed by directors or relianceees . They are a great deal established to aid or maintain educational , amicable , religious , charitable and other(a) causes , which improve the welfare of people they are directed at Foundations mostly apply to non-governmental agencies , although nearly governmental organizations use the edge . In the US , they are formed through trust agreements , federal or tell chartersAccording to Powell and Steinberg (2006 , there are fundamentally two types of foundations private and residential district foundations . Community foundations are p rogress tod by the civil society , are funded by divers(prenominal) originations , and are aimed at improving the fond welfare of the community of interests Private foundations on the other pass on chiefly fund individuals or charities , instead running charities by themselves .

just about of them obtain funds from one major source , impertinent community foundationsFoundations can trace their roots to the line of cable of the 19th century In the US , the foundations became famous imputable to the philanthropic activities of Andrew Carnegie and John Rockefeller . These people were businessmen and they amas sed wealth which they munificently 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 firm the pace for the creation of foundations since it was the largest at the time . Many foundations have...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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