What is a Community Foundation?
The Council on Foundations, the nation’s professional association of foundations, has outlined six characteristics of community foundations:
- Flexible, yet permanent collection of funds supported by a wide range of donors
- Relative independence to determine the best use of those funds to meet community needs
- Governing board of volunteers, knowledgeable about their community and recognized for their involvement in civic affairs
- Commitment to provide leadership on pervasive community problems
- Commitment to assist donors to identify and attain their philanthropic goals
- Adherence to a sense of “community” that overrides individual interests and concerns
Why invest in a community foundation?
There are many reasons to invest in your local 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.