Stephenson's Aid is a humanitarian organization that provides emergency assistance, disaster relief, and education in Belwick. This organization is mainly funded by a wealthy industrialist, Stephenson. All profits made by the organization are put back into the organization to further its charitable goals. In this scenario, it can be said that Stephenson's Aid is a _____.

Question

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Stephenson's Aid is a foundation because it is funded by a wealthy individual (Stephenson) and uses its profits to further its charitable goals, which is characteristic of foundations.

Stephenson's Aid Is a Humanitarian Organization That Provides Emergency Assistance