"New York Times" blog post about the use of the word "foundation"
versus the use of the word "charity":
Some charities, however, have the word
"Foundation" in their official
names. Examples of these are the Yele Haiti Foundation, the New York
Foundation for the Arts, the William J. Clinton Foundation and the
Wikimedia Foundation. Despite their names, all of them are charities;
they rely on donations from others to sustain themselves and the
and services they offer. On second reference, any one of them should be
referred to as a "charity," not a "foundation."
It appears that nobody appears to actually follow this rule (including
"New York Times"), but I find the nuance interesting. I imagine one would
perform better than the other during fundraising; perhaps there's hard
There isn't any "rule" more a suggested guideline with respect to "On
Foundation is not a legal term; a charitable exemption could be granted
to either a trust or a corporation. If it is "founded" a corporation
might be funded by a trust established by the founder.
However; there a sense in which Jimmy Wales founded and funded the
Wikimedia Foundation, but not with vast funds.