NAICS Code 541720-06 - Foundation-Educ Philanthropic Research

Marketing Level - NAICS 8-Digit

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NAICS CODE 541720-06
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NAICS Code 541720-06 Description (8-Digit)

Foundation-Educ Philanthropic Research is a subdivision of the NAICS Code 541720 that involves research and development in the social sciences and humanities. This industry focuses on conducting research and providing support to educational institutions, foundations, and philanthropic organizations. The main objective of this industry is to promote the advancement of knowledge and understanding in various fields such as education, social sciences, humanities, and philanthropy.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541720 page

Tools

Tools commonly used in the Foundation-Educ Philanthropic Research industry for day-to-day tasks and operations.

  • Survey software
  • Data analysis software
  • Grant management software
  • Project management software
  • Statistical analysis software
  • Bibliographic software
  • Qualitative data analysis software
  • Content analysis software
  • Social network analysis software
  • Geographic information system (GIS) software

Industry Examples of Foundation-Educ Philanthropic Research

Common products and services typical of NAICS Code 541720-06, illustrating the main business activities and contributions to the market.

  • Educational foundations
  • Philanthropic organizations
  • Research institutions
  • Non-profit organizations
  • Think tanks
  • Policy research centers
  • Social science research centers
  • Humanities research centers
  • Educational research centers
  • Grant-making foundations

History

A concise historical narrative of NAICS Code 541720-06 covering global milestones and recent developments within the United States.

  • The "Foundation-Educ Philanthropic Research" industry has a long history dating back to the early 20th century. The establishment of the Rockefeller Foundation in 1913 marked a significant milestone in the industry's history. The foundation was created to promote the well-being of humanity through philanthropic efforts, including funding research in various fields, including education and social sciences. In the 1950s, the Ford Foundation became another major player in the industry, focusing on funding research in education and social sciences. In recent years, the industry has seen notable advancements, including the rise of crowdfunding platforms that allow individuals to support research projects directly. Additionally, the use of big data and artificial intelligence has revolutionized the way research is conducted, allowing for more efficient and accurate data analysis. In the United States, the "Foundation-Educ Philanthropic Research" industry has experienced significant growth in recent years. According to the National Center for Charitable Statistics, the number of foundations in the United States has increased by over 50% since 1990. The Bill and Melinda Gates Foundation, established in 2000, has become one of the largest foundations in the world, focusing on funding research in education and global health. The Chan Zuckerberg Initiative, founded by Mark Zuckerberg and Priscilla Chan in 2015, has also become a major player in the industry, focusing on funding research in education, science, and justice. Overall, the industry has played a crucial role in advancing research in various fields and promoting social welfare.