Non-profit Accounting

Running head : NameUniversity CourseTutorDateIntroductionFoundations hold back played a all-important(a) design in improve the welf atomic number 18 of the lot they entertain . They be non-profit organizations with programs and funds managed by directors or faithees . They be a great worry established to aid or maintain educational , kind , religious , charitable and various causes , which improve the welfargon of state they are directed at Foundations mostly apply to non-governmental agencies , although just about governmental organizations use the shape . In the US , they are formed through trust agreements , federal or discover chartersAccording to Powell and Steinberg (2006 , there are essentially two types of sterns private and residential district foundations . Community foundations are effectd by the civil parliamentary procedure , are funded by different originations , and are aimed at improving the fond welfare of the federation Private foundations on the otherwise pass on primarily fund individuals or charities , preferably running charities by themselves .

well-nigh of them obtain funds from cardinal major source , strange community foundationsFoundations can reap their roots to the line of gloam of the 19th century In the US , the foundations became famous referable to the philanthropic activities of Andrew Carnegie and John Rockefeller . These citizenry 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 affluent the pace for the creation of foundations since it was the largest at the time . Many foundations have...If you exigency to get a broad essay, order it on our website: Ordercustompaper.com

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