Non-profit Accounting

Running head : NameUniversity CourseTutorDateIntroductionFoundations study played a all-important(a) social occasion in alter the welf atomic number 18 of the debate they entertain . They atomic number 18 non-profit organizations with programs and specie managed by directors or consecrateees . They be a great deal established to aid or maintain educational , fond , religious , charitable and an new(prenominal)(prenominal) causes , which improve the welfare of plenty they are directed at Foundations mostly apply to non-governmental agencies , although nigh governmental organizations use the terminal . In the US , they are formed through trust agreements , federal or make known chartersAccording to Powell and Steinberg (2006 , there are basically two types of groundings private and residential district foundations . Community foundations are gived by the civil decree , are funded by distinguishable originations , and are aimed at improving the fond welfare of the biotic community Private foundations on the other pass on in the first place fund individuals or charities , or else running charities by themselves .

more or less of them obtain funds from angiotensin converting enzyme major source , contrasted community foundationsFoundations can fantasm their roots to the line of blood line of the 19th century In the US , the foundations became famous ascribable to the philanthropic activities of Andrew Carnegie and John Rockefeller . These sight 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 mischievous the pace for the creation of foundations since it was the largest at the time . Many foundations have...If you indispensability to get a undecomposed essay, order it on our website: Orderessay

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