WHAT ARE COMMUNITY FOUNDATIONS

What began in 1917 in Cleveland has taken root throughout the world.

Community foundations are tax-exempt public charities serving thousands of people who share a common interest—improving the quality of life in their area.

Individuals, families, businesses, and organizations create permanent and temporary charitable funds that help their region meet the challenges of changing times. The foundation invests and administers these funds.

All community foundations are overseen by a volunteer board of leading citizens and run by professionals with expertise in identifying their communities’ needs.

In the United States, community foundations serve tens of thousands of donors, administer more than $31 billion in charitable funds, and address the core concerns of nearly 700 communities and regions.

Community foundations:
  • know their communities—what the needs are and how to address them
  • share your interests
  • care about the future
  • offer giving vehicles that are easy to set up and manage, and that provide tax benefits
Why invest in a community foundation?
Community foundations go beyond simply making grants that advance charitable activities. They also identify current and emerging issues, channel resources to address their communities’ needs, and help their regions prepare for the future.

Source: Council on Foundations