Definitions for "Corporate Foundation"
(Also called a company-sponsored foundation) A foundation that receives its income from a profit-making company but is a legally independent entity. Usually this type of foundation carries the name of the parent company. Corporations may fund these foundations with a donation of permanent assets or with periodic contributions.
a foundation that derives its income from the profit-making parent company but is an independent legal entity
a private foundation under the tax law and derives its funds from a profit-making company or corporation
a separate tax-exempt corporation, which is legally distinct from the founding corporation