What is a Private Foundation? Understanding Its Role in Philanthropy

What is a Private Foundation

A private foundation is a type of non-profit organization typically established for philanthropic purposes. It is created and funded by a single donor, family, or business, differentiating it from public charities that raise funds from the general public. Private foundations maintain their own endowment and primarily provide support through grants to other non-profit organizations or … Read more

What is Arbitration? Explaining the Alternative Dispute Resolution Process

What is Arbitration

Arbitration is a form of alternative dispute resolution (ADR) where a neutral third party, known as an arbitrator, is appointed to resolve a conflict between two or more parties outside of the court system. Different from litigation, arbitration allows disputing parties to settle their differences in a more private and often less formal setting. The … Read more

What is Mediation? An Essential Guide to Resolving Conflicts Peacefully

What is Mediation

Mediation is a structured process where a neutral third party, called a mediator, assists disputing parties in reaching a mutually acceptable agreement. As a form of alternative dispute resolution (ADR), it provides a confidential and informal avenue for resolving conflicts without the need for litigation. Unlike a judge or arbitrator, the mediator does not decide … Read more