Philanthropic foundations are organizations that provide financial support to various causes, such as education, health, and social justice. They are often established by individuals, families, or corporations who wish to give back to society. These foundations typically grant funds to non-profit organizations and community projects, helping to address pressing social issues. Many philanthropic foundations operate with specific missions and goals, focusing on areas like environmental conservation or poverty alleviation. Notable examples include the Bill & Melinda Gates Foundation and the Ford Foundation, which have made significant contributions to global health and education initiatives.