MBA Foundations of Business and Public Policy

Broadly speaking, a foundation is a nonprofit corporation or a charitable trust that makes grants to organizations, institutions, or individuals for charitable purposes such as science, education, culture, and religion. A private foundation s money comes from a family, an individual, or a corporation. An example of a private foundation is the Ford Foundation. Private foundations must meet a ''payout requirement,'' meaning they have to give away a certain amount of their assets every year. That's why when you're looking for potential funders in our database, Foundation Directory Online, the private foundations you see are all active grantmakers. A grantmaking public charity (sometimes called a ''public foundation'') gets its money from many different sources, such as foundations, individuals, and government agencies. An example of a grantmaking public charity is the Save the Children Federation. Most community foundations are also grantmaking public charities. Public policy is a course of action created and/or enacted, typically by a government, in response to public, real-world problems.Beyond this broad definition, public policy has been conceptualized in a variety of ways. A popular way of understanding and engaging in public policy is through a series of stages known as ''the policy cycle''. The characterization of particular stages can vary, but a basic sequence is: agenda setting formulation legitimation implementation evaluation.'