Use the Types filter to find foundations and grantmaking organizationsIn this help article...
The IRS doesn't have an official definition or classification for most foundations. What we know as a "foundation" is just a normal charity to the IRS, with no clear-cut difference than other nonprofits. Because of that, we at Cause IQ have created useful proxies for identifying foundations, helping you find organizations that make grants to other organizations (which is what foundations most commonly do).
However, there is a certain type of foundation that the IRS treats differently, Private Foundations. Private Foundations are a certain type of 501(c)(3) nonprofit that generally receive funding from specific individuals (versus organizations that receive support from a wide array of the public, membership dues, grants, etc.). For example, the Bill & Melinda Gates Foundation and William & Flora Hewlett Foundation are private foundations funded almost solely by their original benefactors.
To find grantmaking organizations and foundations in Cause IQ, add a Types filter with the "Grantmaking organizations" option selected. You can find the Types filter in your search filter sidebar. This category includes all private foundations and grantmaking organizations, what we normally call "foundations". Excluded from this would be organizations that don't actually make grants to other organizations or individuals (e.g., think tanks), even if they have the word "foundation" in their names. The exact criteria are:
These criteria were developed by our research team, after conversations with our customers and a detailed analysis of the characteristics of foundation-like and grantmaking organizations.
Here's a look at our Types filter with the "Grantmaking organizations" option selected:
Cause IQ also gives you the option to search for private foundations and other kinds of foundations. Using our Types filter (accessed from the search filter sidebar), you can select from the following options:
For more information on private foundations, see this IRS website.
Cause IQ has more than 130,000 private foundations in our platform, but only about 14,000 of those have more than $5 million in investable assets. Furthermore, only about 5,800 spend more than $100,000 on salaries and compensation each year (e.g., have a professionalized staff). Most private foundations are charitable trusts, managed by banks, financial advisors, and other trusts on behalf of their clients. So if you're looking for key personnel at private foundations and aren't getting much luck, this is why.