Foundations are organizations that provide financial support for various causes, often focusing on social, educational, or environmental issues. They typically operate by collecting funds from donors and then distributing grants to individuals or other organizations that align with their mission. Notable examples include the Bill & Melinda Gates Foundation and the Ford Foundation. These entities play a crucial role in addressing societal challenges and fostering innovation. By funding research, community projects, and educational initiatives, foundations help to create positive change and improve the quality of life for many. Their impact can be seen in various sectors, including health, education, and the arts.