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)
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: