Impact Report – Spring 2017 (13)
Community foundations work with individuals, families, businesses and organizations to create permanent charitable funds that help meet present and future needs. The foundation invests and administers these funds.
Additionally, community foundations are important partners in building and strengthening community, bringing together people and organizations that want to make a difference within their city, county, state and beyond. They are tax-exempt public charities that help guide philanthropy and are committed to improving the quality of life in the areas they serve.
The first community foundation was established by banker Frederic Goff in Cleveland, Ohio in 1914. Goff realized the value of creating a permanent endowment that would benefit citizens in his community for generations to come.
For donors, community foundations offer a range of charitable giving options that provide tax benefits and strategic advice about philanthropy.
For the geographic region they serve, community foundations provide leadership, expertise and capital to address social issues and serve as a resource for nonprofit, civic, government and philanthropic organizations.
Today, there are more than 1,700 community foundations worldwide serving as stewards of charitable giving and providing strategic advice and guidance about philanthropy.
Learn more about how you can engage with the Community Foundation of Boone County here.