ELI5: Explain Like I'm 5

Foundation (nonprofit)

A foundation is a special kind of group that helps people or causes. They usually don't make money themselves, but instead they get money from other people who give them money. Then, the foundation uses that money to help others.

For example, let's say a foundation wants to help sick kids get better. They might get money from people who want to help too, and then use that money to buy medicine, doctors, or anything else the sick kids need to get better.

Foundations are usually non-profit, which means they don't make money for themselves. Instead, they use any money they get to help others. They have special rules they have to follow, like reporting how they spend the money they get, and making sure they never use any of it for themselves.

Overall, a foundation is a group that wants to make the world a better place, and uses the help of others to make it happen.