Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States. Private foundations are typically endowed by an individual or a single family.
20-465: The New Hampshire Charitable Foundation was established in 1962 as a community foundation and tax-exempt 501(c)(3) public charity . It is one of the United States' largest community foundations and was formed to build social capital by making grants that advance charitable activities. Its extended purpose is to further identify current and emerging social issues , track trends and needs in
40-610: A membership organisation its work is governed and directed by a board drawn from its members. The network is collectively managing over £811m in endowment/endowed funds as of 2023 and distributes over £70m in grants each year. Community foundations manage funds donated by both individuals and organisations, while creating endowments and connecting donors to local needs. Community foundations are independent registered philanthropic institutions serving geographically defined territory. They act as grant-making foundations , giving grants to support development projects. Their stated mission
60-698: A community working together locally to use the financial and other resources available to them to improve others’ lives. Previously Community Foundation Network, in February 2013 CFN relaunched as UK Community Foundations, with a renewed commitment to build thriving communities in the UK. UKCF also has a role as national membership association for community foundations which encompasses negotiating and managing national grant -making and funding opportunities on behalf of its members and providing direct technical assistance to member community foundations through its network. As
80-566: A variety of assets to be used for charitable purposes. The people or organizations that establish the funds can then recommend that grants be distributed, in the name of the fund or anonymously, to qualified nonprofit groups and schools. In the USA the donor receives a charitable tax deduction in the year that gifts are made into their funds, but not all countries where community foundations currently operate provide such incentives for donors. Increasingly, community foundations are hosting giving circles as
100-402: A way to further support giving in their communities. The assets of community foundations are pooled and invested, with donors typically having a choice of investment products. The funds established at community foundations can be non-endowed or expendable funds (i.e., the corpus of the fund can be spent in its entirety) or they can be endowed, which limit distributions to the interest earned on
120-685: Is a stub . You can help Misplaced Pages by expanding it . Community foundation Community foundations are independent registered philanthropic institutions serving geographically defined territory, typically a city or administrative area (county, region and the like). The six main characteristics of the CFs are: It is a combination of all these basic characteristics what makes true CF, although there are many other types of community organizations that have some of these characteristics. Families, individuals, businesses, and nonprofit groups establish funds within community foundations into which they can contribute
140-405: Is to improve the quality of life in a community. They are supported by a broad range of private as well as public donors and seek contributions primarily from inside the community. They are governed by local boards and build capital endowments with the aim of ensuring funding capability in perpetuity. The first community foundation to be founded in the UK was Swindon in 1975. This later merged with
160-943: The Evening Standard’s Dispossessed Campaign which has raised £5million to be distributed to local charities and projects within London and is managed by The London Community Foundation . UK Community Foundations acts as an umbrella to promote and support philanthropy in the UK and has a number of partnerships: The Beacon Fellowship Charitable Trust was established to encourage individual contributions to charitable and social causes and to celebrate and showcase best practice in giving. It awards prizes for philanthropy, now managed by UK Community Foundations, which recognises individuals who have transformed other people’s lives through their gifts of time, skills and money. Previous winners have included Jamie Oliver , Bob Geldof and Zac Goldsmith . UK Community Foundations
180-594: The Foundation Center website, the top five largest community foundations, by assets, were: Statistics made available by the Foundation Center enable also financial comparison of the largest community foundations with the largest corporate and private foundations and illustrate the fact that community foundations in the United States tend to be larger than corporate foundations in both assets and grants given. There are 46 Community Foundations in
200-780: The Government’s Children and Young People’s Unit as the best partners for the Local Network Fund. In 2003 the UKCF was chosen as the trustee of the Fair Share Trust programme, which is funded by the Big Lottery Fund . In 2006 a Quality Accreditation (QA) programme was established by UKCF. The Charity Commission for England and Wales endorses the QA standards and processes in a three-year cycle, which notes
220-609: The Grand Victoria Foundation supports development of Illinois community foundations. The Kansas Health Foundation operates a similar program in Kansas communities. There are 191 community foundations in Canada, accessible to more than 90% of Canadian communities. The Winnipeg Foundation was Canada's first community foundation, established in 1921. According to the latest data available, from October 2014, on
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#1732776720044240-576: The UK and UK Community Foundations (formerly the Community Foundation Network ) acts as an umbrella organisation for some of them. UK Community Foundations UK Community Foundations ( UKCF ) is a registered charity that leads a movement of community foundations committed to positive social change in the UK through the development of “ community philanthropy ”. Community philanthropy involves people from all parts of
260-535: The UK. There are more than 1,000 volunteers that provide national and local grassroots information; they are supported by 420 staff. There have been ten foundations that have received one-off donations exceeding £1 million during this period. UK Community Foundations was responsible for ensuring the implementation of the £50 million UK-wide Fair Share Trust programme, funded by the Big Lottery Fund. Also, on behalf of Comic Relief they distribute some of
280-618: The Wiltshire Community Trust to form the present Community Foundation for Wiltshire and Swindon. By 2010 there were 58 community foundations in the United Kingdom that cover 95% of the country. UKCF was established in 1991 to stimulate the growth of new community foundations, develop and co-ordinate a code of good practice and encourage foundations to share knowledge across the UK. In 2001 the UKCF received major recognition when community foundations were chosen by
300-479: The area of philanthropy and stimulate economic and social growth in the regions of New Hampshire . Funds are managed professionally and used to support local nonprofit organizations across the state that support its mission "to improve the quality of life in New Hampshire". The NHCF current president is Richard Ober. This article about a philanthropic or charitable organization in the United States
320-693: The assets and/or the amount granted by the foundation as long as the corpus is not spent. Endowments last in perpetuity due to the corpus never being able to be spent. The first community foundation was set up in Cleveland in 1914 by Frederick Goff and operates now as The Cleveland Foundation . Others soon followed including the California Community Foundation and the Chicago Community Trust . The first Community Foundation in Canada, The Winnipeg Foundation ,
340-406: The focus on quality in all aspects of community foundation work. In 2013-14 community foundations across the UK generated more than £9m in private donations for communities, as well as more than £6m from businesses and a further £7m from government. They support more than 1,000 large donor clients, have £500m of endowed funds under their management, and every year around 21,000 grants are made across
360-582: The funds raised through Red Nose Day and Sport Relief through the network of local community foundations. 48 community foundations were Local Funders for Grassroots Grants, a government programme comprising an £80 million grant programme and a £50 million endowment match challenge. UKCF also managed the grants component of the Mars in the Community investment programme to 2010 with employee involvement. Most recently UK Community Foundations have partnered with
380-584: Was established in Winnipeg in 1921. Since the 1980s, a number of private foundations in the United States have created initiatives to develop community foundations in various states. One of the earliest such initiatives was in Michigan. In Indiana, the Lilly Endowment funded a program that has spurred development of community foundations in each of the state's 92 counties. On a smaller scale,
400-497: Was responsible for using its local giving expertise to ensure the effective implementation of the £50 million UK-wide Fair Share Trust (FST) programme, funded by the Big Lottery Fund. The Fair Share Trust’s aim was to build community skills, confidence, experience, and networks to improve local neighbourhoods. They help local communities to make a difference, by putting regeneration into their hands. The network of 27 local delivery partners works with communities in 80 neighbourhoods across
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