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.