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Libra Foundation Established 1989 Home The Libra Foundation is a private foundation established by Elizabeth B. Noyce which became active in June 1989. It is authorized by the Internal Revenue Service to make grants and contributions to charitable organizations other than political organizations. No application will be considered from an organization unless it has been determined to be taxexempt under Section 501c3 of the Internal Revenue code and not a private foundation under Section 509a of the Code.