[Foundation-l] Foundation vs. charity

[Anthony]

On Tue, Apr 26, 2011 at 3:05 PM, Fred Bauder <fredbaud at fairpoint.net> wrote:
> Foundation is not a legal term

"Private foundation" is one, though, and it is one that is contrasted
with "public charity".

http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000509----000-.html
http://www.irs.gov/charities/charitable/article/0,,id=137894,00.html