What is a Community Foundation
Community foundations build endowment, award grants, and connect the community by providing leadership services which can convene agencies and coordinate resources to create positive change.
A community foundation is a 501c3 tax-exempt charitable organization that provides support, primarily for the needs of the geographic community or region where it is based. This support comes from a permanent collection endowed funds that it maintains, managers, and administers for the long-term benefit of a defined geographic area.
Community foundations seek support from the general public, and they also provide grants.
Community Foundations can:
Provide tools and resources which help individuals, families, businesses, and nonprofit agencies achieve their charitable and financial goals.
- Help donors create charitable funds to support the issues and groups they care about most.
- Accept a variety of assets and facilitate complicated giving strategies.
A community foundation is committed to the principles of equality and diversity, inclusiveness, and public accountability.
For additional information please visit the Michigan Community Foundations website.