A charitable foundation is an organization that provides financial support to various causes, such as education, health, and social services. These foundations often collect donations from individuals, businesses, or other entities and then distribute funds to nonprofit organizations or projects that align with their mission. Many charitable foundations focus on specific areas, like environmental conservation or poverty alleviation, and may also engage in grant-making activities. Some well-known examples include the Bill & Melinda Gates Foundation and the Ford Foundation, which aim to address global challenges through strategic funding and partnerships.