The Council on Foundations and Community Foundations National Standards Board Announce Next Steps for National Standards for U.S. Community Foundations
There are more than 700 community foundations nationwide that direct philanthropic resources from institutional and individual donors to community-based organizations. These foundations are charged with providing funding resources from institutional and individual donors to community-based organizations. They range in size, from those with more than $2.3 billion in assets to those with $100,000 or less. In 2007, community foundations gave an estimated $4.1 billion to a variety of nonprofit activities in fields that included the arts, education, environment, disaster relief, and health and human services.
Community foundations are public charities created by and for the people in a local area. They help people with philanthropic interests to easily and effectively support the issues they care about — today, or through their estates. Through the generosity of today’s donors, community foundations build endowments to meet community needs of the future.
About the Council on Foundations
Established in 1949, the Council on Foundations is an Arlington, Virginia-based nonprofit membership association of approximately 2,000 foundations and corporate giving programs. The Council is a voice of philanthropy at the national level and a valued partner globally. The Council provides the opportunity, leadership, and tools needed by philanthropic organizations to expand, enhance, and sustain their ability to advance the common good. For more information about the Council, visit its website at www.cof.org.
About the Community Foundations National Standards Board
The Community Foundations National Standards Board is a supporting organization of the Council on Foundations, created to administer the National Standards process: answering applicant questions, supplying technical support, and ensuring a fair and rigorous review of the many in-depth record binders submitted by Standards applicants. In its membership, the board strives to represent community foundations diverse in size, age and geographic location, across the United States.