Can a for-profit corporation own a non-profit corporation?

I have a for-profit corp that I use for my courier business. I would like to start a non-profit owned by my for-profit to do the following: 1. Apply for grants from private foundations as well as local, state and federal govt. 2. Give away a percentage (up to 25%) of my for-profit corp's profits as well as... show more I have a for-profit corp that I use for my courier business. I would like to start a non-profit owned by my for-profit to do the following:
1. Apply for grants from private foundations as well as local, state and federal govt.
2. Give away a percentage (up to 25%) of my for-profit corp's profits as well as grant monies received to the needy, poor or underprivileged.
3. Limit my personal and for-profit tax liabilities while doing all of this.
Any suggestions would be greatly appreciated.
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