Sheriff Hill
This led to the building of the first council housing estate in Gateshead. Alderman Hodkin laid the foundation stone on 27 October 1920; as work commenced the Alderman demonstrated the authority's concerns, telling the local newspaper that: "we can build houses, but we cannot build homes. Only the people themselves can do that and I hope that the spirit of ‘esprit de corps’ will prevail and this will be a model estate" Demand was highthere were 427 applicants for the first twenty eight houses builtand the council built further tracts of housing in a broad triangle between Sodhouse Bank, Ermine Crescent and The Avenue, although central government withdrew its promised funding. By 1936, most of the social housing available as of 2012 was in existence and provides accommodation to over half of the population of the suburb.
Private foundation (United States)
A private foundation is typically set up as a non-profit corporation that bears the name of its donors, but may alternatively be established as a trust. Donors specify the charitable purpose of the foundation (example: grants for cancer research, scholarships for the needy, support of religious goals) . During their lifetime, they may continue their charitable giving by making tax deductible contributions to the foundation. The foundation may also be funded with a bequest from the donors' will or trust or receive funds as the primary or secondary beneficiary of a qualified plan or IRA.The IRS reports that there were 115,340 private foundations in the U.S. in 2008, of which 110,099 were grantmaking (non-operating) and 5,241 were operating foundations. Approximately 75% of the private foundations file annually with the IRS.