Glossary Term

Community Foundation

A grantmaking institution with a broad charitable mission, almost always tied to a specific geographic area. Legally categorized as a public charity rather than a private foundation, community foundations meet the public support test by raising donations from individuals or institutions. They then make grants or other philanthropic investments in the community, under the guidance of a board that is representative of the community. Community foundations offer different methods of giving to donors, including donor-advised funds, gifts to the foundation’s permanent endowment, various planned giving options, or other earmarked gifts or special funds.

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