As we celebrate National Community Foundation Week, learn more about Community Foundations in the US and across the world:
What is a Community Foundation?
A community foundation can be defined simply as a grantmaking public charity dedicated to improving the lives of people in a defined local geographic. Increasingly, however, larger community foundations are funding global initiatives, in addition to programs in their geographic region.
|Facts about Community Foundations|
|· The first community foundation was created in 1914 in Cleveland, Ohio, and operates now as the Cleveland Foundation.
· Every continent but Antarctica has a community foundation, and it is estimated that there are at least 1,000 community foundations outside of the United States and Canada.
· As of 2015, there were 795 community foundations in the United States. Indiana has the highest number of any state, with 76 community foundations.
· Total giving by community foundations in 2015 was nearly $7 billion. Community foundations in California gave the most, with total giving by community foundations in the state totaling nearly 1.5 billion dollars.
· Nearly every type of gift, from cash to real estate to bitcoin to stock, can be donated to a community foundation.