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What is the purpose of a foundation organization?

Broadly speaking, a foundation is a nonprofit corporation or a charitable trust that makes grants to organizations, institutions, or individuals for charitable purposes such as science, education, culture, and religion.

How do community foundations make money?

How does a community foundation work? Generous donors make contributions, we invest those dollars to increase the giving power of our funds, and then we distribute the earnings in the community. The power of each contribution continuously expands.

Why community foundations exist?

Through strategic grantmaking and leadership, community foundations play a key role in identifying and solving community problems with help from other community partners. In essence, they leverage the wealth of yesterday, today, and tomorrow to make life better for those who live and work in their service area.

What is the largest community foundation in the United States?

The assets of these 206 foundations ranged in size from just over $6 million (the Franklin County Community Foundation in Indiana) to $9.3 billion (the largest community foundation in the country, the Silicon Valley Community Foundation in California).

Why invest in a community foundation?

Community foundations are grantmaking public charities that are dedicated to improving the lives of people in a defined local geographic area. They bring together the financial resources of individuals, families, and businesses to support effective nonprofits in their communities.

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