Charity Village®NewsWeek: Cover Story-Parallel foundations: Does it make sense for your nonprofit to set up its own foundation?

Article from Charity Village about Parallel Foundations (Canada)

Charity Village®NewsWeek: Cover Story: "Parallel foundations: Does it make sense for your nonprofit to set up its own foundation?
Louise Chatterton LuchukBy Louise Chatterton Luchuk
May 22, 2007

You’d be hard-pressed to find a nonprofit organization that doesn’t spend an incredible amount of time focused on resource development. As a result, some organizations establish their own foundation - known as a 'parallel foundation'. The parallel foundation dedicates itself to fund development and management, which frees the “parent organization” to focus on the daily operations associated with its mission. Parallel foundations are most often associated with large organizations like universities and hospitals, but can also be found connected to other types of organizations."