# definitions help please: corporations, community chests, funds, and foundations?

**URL:** <https://boards.straightdope.com/t/definitions-help-please-corporations-community-chests-funds-and-foundations/156127>\
**Category:** Factual Questions\
**Created:** [February 19, 2003, 2:54pm UTC](https://boards.straightdope.com/t/definitions-help-please-corporations-community-chests-funds-and-foundations/156127 "2003-02-19T14:54:51Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ready29003](https://avatars.discourse-cdn.com/v4/letter/r/71e660/32.png) [@ready29003](https://boards.straightdope.com/u/ready29003)\
**Post date:** [February 19, 2003, 2:54pm UTC](https://boards.straightdope.com/t/definitions-help-please-corporations-community-chests-funds-and-foundations/156127/1 "2003-02-19T14:54:51Z")

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Whats the difference between:  
A corporation  
A community chest  
A fund  
A foundation,…

This is from IRS code 501© regarding non-profits.

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**Author:** ![black\_rabbit](https://avatars.discourse-cdn.com/v4/letter/b/f19dbf/32.png) [@black\_rabbit](https://boards.straightdope.com/u/black_rabbit)\
**Post date:** [February 19, 2003, 3:12pm UTC](https://boards.straightdope.com/t/definitions-help-please-corporations-community-chests-funds-and-foundations/156127/2 "2003-02-19T15:12:45Z")

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Boo-ya:

[http://www.muridae.com/nporegulation/documents/exempt\_orgs.html](http://www.muridae.com/nporegulation/documents/exempt_orgs.html)

More than you ever wanted to know.

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**Author:** ![InTransit](https://avatars.discourse-cdn.com/v4/letter/i/e47774/32.png) [@InTransit](https://boards.straightdope.com/u/InTransit)\
**Post date:** [February 19, 2003, 5:52pm UTC](https://boards.straightdope.com/t/definitions-help-please-corporations-community-chests-funds-and-foundations/156127/3 "2003-02-19T17:52:59Z")

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Check Nolo Press ([www.nolo.com](http://www.nolo.com)) for some very nice plain English definitions and discussion about these things.