Michael Harbut Family Foundation & Philanthropist

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Michael Harbut Family Foundation:

www.michaelharbutfoundation.org

The Michael Harbut Family Foundation #1 goal, and mission is to make the earth & world a better place! Our goal is to help teach the youth. We have to teach society especially the youth how to properly use technology to advance their knowledge. Other missions and goals our to help single mothers, help the homeless, help people who have been out of touch with society recondition to society, & many more acts of philanthropy to help make the world a better place.

A private foundation is a legal entity set up by an individual, a family or a group of individuals, for a purpose such as philanthropy or an object legal in the economic operation. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets.

A foundation is a non-governmental entity that is established as a nonprofit corporation or a charitable trust, with a principal purpose of making grants to unrelated organizations, institutions, or individuals for scientific, educational, cultural, religious, or other charitable purposes.

The most common type of tax-exempt nonprofit organization falls under category 501(c)(3), whereby a nonprofit organization is exempt from federal income tax if its activities have the following purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering amateur sports competition, or preventing cruelty to children or animals.