European political foundation

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A European political foundation, formally a political foundation at European level, informally a Eurofoundation, is a research and advocacy organization close to, but independent from a Europarty. They are funded by the European Parliament. Their purpose is to act as platforms aiming at developing forward-looking ideas and concepts for their respective political family and providing a forum where those ideas can be widely debated. There are nine Eurofoundations as of 16 March 2009.