Real difference between a private foundation and a public charity
If you're looking to start a non-profit or just want to know where your donation is going, understanding the difference between a private foundation and a public charity is a great place to start. While both fall under the 501(c)(3) umbrella of the tax code, they operate in completely different ways, especially when it comes to where their money comes from and how much control the donors have over the day-to-day decisions. ...