PALLAS ADVISORS, LLC

Grantmaking Foundations

This includes establishments known as grantmaking foundations or charitable trusts. Establishments in this industry award grants from trust funds based on a competitive selection process or the preferences of the foundation managers and grantors; or fund a single entity, such as a museum or university.

Illustrative Examples:

Community foundations
Philanthropic trusts
Corporate foundations, awarding grants
Scholarship trusts
Grantmaking foundations

Business Associations

Establishments in this category are primarly engaged in promoting the business interests of their members. These establishments may conduct research on new products and services; develop market statistics; sponsor quality and certification standards; lobby public officials; or publish newsletters, books, or periodicals for distribution to their members.

Illustrative Examples:

Agricultural organizations (except youth farming organizations, farm granges)
Real estate boards
Chambers of commerce
Trade associations
Manufacturers' associations

Professional Organizations

Establishments in this category are primarly engaged in promoting the professional interests of their members and the profession as a whole. These establishments may conduct research; develop statistics; sponsor quality and certification standards; lobby public officials; or publish newsletters, books, or periodicals for distribution to their members.

Illustrative Examples:

Bar associations
Learned societies
Dentists' associations
Peer review boards
Engineers' associations
Professional standards review boards
Health professionals' associations
Scientists' associations