The book Marcus Aurelius: A Biography (2000) by Anthony R. Birley will be used to illustrate some points. Marcus Aurelius: The Philosopher-Emperor of Rome Imperator Caesar Marcus Aurelius Antoninus Augustus (April 26, 121 â March 17, 180) was Roman Emperor in the second century AD. He is considered to be the last of the so called Five Good Emperors who ruled Rome at the height of Roman power.
Despite whether a private foundation is. organized as a trust or a corporation, each. private foundation will qualify as one of. the three basic types of private founda-. tions, a private operating foundation, an. exempt operating foundation, or a grant-. making foundation.
Private foundations must pay out at least 5 percent of their assets each year in the form of grants and operating charitable activities. A private operating foundation is a kind of private foundation, and must operate under similar rules. However, it does not have to pay out 5 percent or more of its assets each year in grants. Instead, it must carry out its own charitable purposes. All private foundations are 501(c)(3) organizations. Under the Internal Revenue Code, a charity is presumed to be a private foundation unless it can prove that it is a public charity.