What this code covers
This U.S. industry comprises establishments known as grantmaking foundations or charitable trusts. Establishments in this industry award grants from trust funds based on a competitive selection process or the preferences of the foundation managers and grantors; or fund a single entity, such as a museum or university.
Illustrative Examples:
Community foundations Philanthropic trusts Corporate foundations, awarding grants Scholarship trusts Grantmaking foundations
Cross-References.