Wealthy families create foundations which are nonprofit.

Wealthy families create foundations which are nonprofit.

Through research, it has been proven that most wealthy families create foundations which
are nonprofit. The family-based foundations are mainly established to help in giving donations
and charities to the less fortunate. They also provide donations to organizations that are involved
in researches about some serious issues. The choice on who they are going to fund according to
what is in their mind or who they think they should help.

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