Community Foundation in United States

Definition of Community Foundation

A concept of Community Foundation applicable in the United States: A charitable organization that generally holds a number of permanent funds created by many separate donors, including donor-advised funds, all dedicated to the long-term charitable benefit of a specific community or region. A community foundation is generally recognized as a public charity, and is therefore not subject to the more stringent rules that apply to private foundations. Typically, a community foundation provides grants and other services to assist other charitable organizations in meeting local needs, and also offers services to help donors establish endowed funds for specific charitable purposes.

Resources

See Also

• Charity
• Foundation
• NGOs