5 Types of Funding Foundations

Funding Foundations can be small and very large.  According to Candid, as of 2021, there were 127K Foundations with $1.2 Trillion in assets.  That is a lot of money!  In order to gain access to this funding, it is best if you understand the different types of Foundations.

➡️Family Foundations – Generally have very focused giving patterns based on the donor or current family.  These are generally very small.

➡️Independent Private Foundations – This type of foundation is like the family foundation, but generally has a small staff.   It may have started as a family foundation but is no longer controlled by them.

➡️Federated Foundations – These foundations were created to benefit the community.  They collect donations from individuals and businesses and use those funds to support nonprofit organizations.  One of the most popular federated foundations is the United Way.

➡️Corporate Foundations – These foundations are funded by the corporation themselves.  They operate like other foundations but tend to fund projects to the corporation’s own goals.

➡️Community Foundations – These foundations are found in every state of the USA.  These contain funds from donors who do not wish to set up foundations in their own name but want their funds to benefit the community.  If you want to know if there is a community fund in your area, your local library would be the best place to start or visit The Grantsmanship Center.