What is a Community Foundation?
A community foundation is a nonprofit, community corporation created by and for the people of a region. It is a tax-exempt philanthropic institution with a long-term goal of building permanent funds, established by many separate donors, for the benefit of the residents of a geographic area.
A community foundation does not usually conduct programs of its own. Rather, it supports new or existing programs of other nonprofits and organizations. Some like us embrace the role of neutral convener in communities, serving as an advocate and catalyst, by bringing diverse stakeholders together around challenging issues and timely opportunities.
Governed by a local board of directors, community foundations choose members based on their community knowledge, their ability to represent segments of the communities they serve, and their management expertise in financial stewardship.
Community Center Report: Toward an Englewood Community Center – PDF