Chapter

Institutions and Vehicles

Edited by Peter Frumkin

in Strategic Giving

Published by University of Chicago Press

Published in print September 2006 | ISBN: 9780226266268
Published online February 2013 | e-ISBN: 9780226266282 | DOI: http://dx.doi.org/10.7208/chicago/9780226266282.003.0008
Institutions and Vehicles

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This chapter discusses the different institutions and vehicles for philanthropic giving in the U.S. The four main types are private foundation, community foundation, operating foundation, and company-sponsored foundation. The most variations on the four main institutional forms is the family foundation. This is similar to a private foundation except that it is governed by family members and its goals include both grantmaking and the enactment and inculcation of values across generations. This chapter suggests that the choice of the right institutional vehicle for giving is thus not something that donors can or should take for granted because it is an element of strategy building that demands constant and careful consideration.

Keywords: philanthropic giving; U.S.; private foundation; community foundation; operating foundation; company-sponsored foundation; family foundation; grantmaking

Chapter.  14637 words.  Illustrated.

Subjects: Economic Sociology

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