PUBLIC FOUNDATION
An organisation that is charitable whose funds are provided by a company or private person, though not more than 50% of the capital can be from that company or private individual.
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PRIVATE FOUNDATION
An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related activities are
FINANCIAL ACCOUNTING FOUNDATION
The group that manages the FASB, handles member relations, financial reporting, and overseeing the AICPA.
FOUNDATION EXCLUSION CLAUSE
Fire insurance section that calculates a property’s total loss value by excluding the value of a property’s foundation.
FOUNDATION INVESTIGATION
Another name for geotechnical investigation.
FOUNDATION METHODOLOGY
A creditbased CAPITAL ALLOCATION process promulgated by the BANK FOR INTERNATIONAL SETTLEMENTS (BIS) under the INTERNAL RATINGS BASED (IRB) APPROACH. BANKS use internal models to determine a COUNTERPARTY
CHARITABLE FOUNDATION
Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable
FOUNDATION
The founding or building of a college or hospital. The incorporationor endowment of a college or hospital is the foundation ; and he who endows it withland or other property is the
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