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Charitable Foundation

Charitable foundations are non-profit organizations whose mission is to provide charitable funds for specific purposes. They support their targeted groups and individuals by offering trust distributions, awards, scholarships and funding programs. Charitable foundations acquire their income primarily through trusts, endowments, contributions and fundraising revenues. They usually operate out of an office and may run a Web site. Examples of charitable foundation objectives include funding research towards finding a cure for a particular disease, providing necessary items for the poor or homeless and giving money and resources to individuals who have experienced loss due to a natural disaster.

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Sadler & Company, Inc, Insurance Services, Columbia, SC