Foundations include non-for-profit institutions with the stated purpose and delineated source of income that provide grants or run programs. Sources of foundations’ assets include endowments, earned income, combination of public and private fundraising, trusts, family donations, community donations, and religious, corporate and other emerging sources like crowdsourcing. Other avenues for philanthropic giving include: donor-advised funds, direct giving, high-net-worth individuals, giving circles and others.
UNDP Financial Regulations and Rules document defines 'property, plant and equipment' as tangible assets held for use in the activities of UNDP or for administrative purposes and expected to be used during more than one financial period. The Property, Plant and Equipment (PP&E) policy document provides further details of the term 'property, plant and equipment' as a tangible or physically verifiable item that meets ALL the following five criteria: a) Provides future economic or service benefits to UNDP – i.e. the PP&E item is held for use in the implementation of UNDP Programmes or for administrative purposes; b) Is expected to be used during more than one reporting period, which, is 12 months; c) Has a value of US$5,000 (US$5,000 for UNCDF too) or more (New Capitalization Threshold effective as of 01.01.2020); d) Is used and controlled by UNDP; and e) Has a cost that can be reliably determined.