Charitable foundation in the context of "Community foundations"

A grant is a fund given by a person or organization, often a public body, charitable foundation, a specialised grant-making institution, or in some cases a business with a corporate social responsibility mission, to an individual or another entity, usually, a non-profit organisation, sometimes a business or a local government body, for a specific purpose linked to public benefit. Unlike loans, grants are not intended to be paid back. Examples include student grants, research grants, the Sovereign Grant paid by the UK Treasury to the monarch, and some European Regional Development Fund payments in the European Union.

A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial resources (such as cash and bank deposits), real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be (and in some cases must be) spent each year, utilizing a prudent spending policy.

Endowments are often governed and managed either as a nonprofit corporation, a charitable foundation, or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., colleges, universities, and private schools); cultural institutions (e.g., museums, libraries, and theaters); service organizations (e.g., hospitals, retirement homes; the Red Cross); and religious organizations (e.g., churches, synagogues, mosques).

The term Stift (German: [ˈʃtɪft] ; Dutch: sticht) is derived from the verb stiften (to donate) and originally meant 'a donation'. Such donations usually comprised earning assets, originally landed estates with serfs defraying dues (originally often in kind) or with vassal tenants of noble rank providing military services and forwarding dues collected from serfs. In modern times the earning assets could also be financial assets donated to form a fund to maintain an endowment, especially a charitable foundation. When landed estates, donated as a Stift to maintain the college of a monastery, the chapter of a collegiate church or the cathedral chapter of a diocese, formed a territory enjoying the status of an imperial state within the Holy Roman Empire then the term Stift often also denotes the territory itself. In order to specify this territorial meaning the term Stift is then composed with hoch as the compound Hochstift, denoting a prince-bishopric, or Erzstift for a prince-archbishopric.