What is a Community Foundation?
A community foundation is a tax-exempt, local, public charity serving thousands of people who share a common interest—improving the quality of life in their area. Individuals, families, businesses and organizations create permanent charitable funds that help their region meet challenges and improve their community over time.
The foundation invests and administers these funds. It also identifies current and emerging issues, channels resources into the community and helps its region prepare for the future.
All community foundations are overseen by a volunteer board of leading citizens that works toward the greater good of the community and run by professionals with expertise in management, grantmaking and identifying their community’s needs. We encourage you to watch our short videos which capture the spirit of your community foundation.
The first community foundation was established in 1914 by a Cleveland banker and today there are over 700 community foundations across the United States that administer more than $31 billion in charitable funds and address the core concerns of the communities they serve. You can learn more about the community foundation field through the Council on Foundations.