House raising
House raising (house lifting, house jacking, barn jacking, building jacking) is the process of separating a building from its foundation and temporarily raising it with hydraulic screw jacks. The process is the first step in structure relocation in which the building is moved to a different location. House raising may also be a part of a renovation to build a foundation under an existing house or make a house larger by building a new floor level creating a two story house. Often employed in areas that are prone to flooding and storm damage, this process can be achieved through the use of either timber piles or helical piles. Once a house is raised and supported on cribbing, a new foundation can be constructed beneath it. After Hurricane Katrina and Hurricane Sandy large numbers of houses in parts of Louisiana, New York and New Jersey were raised to avoid future flooding.
Private foundation (United States)
Until 1969, the term "private foundation" was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category. Private foundations in the United States are generally subject to a 1% or 2% excise tax on net investment income. According to the Foundation Center, a private foundation is a nongovernmental, nonprofit organization, which has a principal fund managed by its own trustees or directors. Hopkins (2013) listed four characteristics that make up a private foundation: