Corporate Foundations

Corporations provide support to nonprofit organizations through direct-giving programs, private foundations, or both.  Typically, corporations give to nonprofits whose programs benefit the communities where their employees live and work.  Corporate support can be cash grants or in-kind gifts.

Company-sponsored foundations are separate legal entities that maintain close ties with the parent company, and their giving usually reflects company interests.  These foundations must follow the laws and regulations governing private foundations, including filing an annual Form 990-PF with the IRS.

Unlike company-sponsored foundations, corporate direct-giving programs are not separately incorporated and do not adhere to private foundation laws or regulations or file a Form 990-PF.   These programs are organized to enable the corporation to deduct up to ten percent of its pre-tax income.

Follow this link for a laundry list of educational corporate funding programs.