Company foundation/Definition: Difference between revisions
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A foundation created by a business corporation out of company earnings or profits. (Tax law often allows corporations to donate a limited amount for such purposes). Distinct from a family foundation created by members of a family-owned business out of their own personal wealth. | A foundation created by a business corporation out of company earnings or profits. (Tax law often allows corporations to donate a limited amount for such purposes). Distinct from a family foundation created by members of a family-owned business out of their own personal wealth. | ||
Latest revision as of 22:17, 22 May 2008
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Company foundation [r]: A foundation created by a business corporation out of company earnings or profits. (Tax law often allows corporations to donate a limited amount for such purposes). Distinct from a family foundation created by members of a family-owned business out of their own personal wealth.