Roles of a Community Foundation
A community foundation is a public grantmaking charity that raises funds from a variety of sources, with the aim of building an endowment as a permanent resource for a local community.
The advantage of the community foundation approach is that it taps wealth that already exists in the community and harnesses it for public benefit. This gives the community access to resources that it controls.
As a locally driven organization, community foundations are driven by local needs, demands and interests, so that the roles that they play vary considerably from place to place. However, there are six commonly occurring roles that community foundations play in their communities.
Almost all community foundations make grants to community organizations and civil society organizations to pursue some aspect of public benefit.
More than money
Most community foundations regard themselves as having a role over and above their grantmaking, delivering programs, offering technical assistance, and raising consciousness about issues of local public concern.
Many community foundations take part with others in raising money for their communities, finding and supporting donors for a range of issues of public benefit.
Convening and leading
Many community foundations develop partnerships with public, private and voluntary organizations to bring change that local people want to see in their communities.
Many community foundations provide information about the quality of life in their communities, important trends and action needed to develop solutions that local people want.
Some community foundations support campaigns to improve the quality of life conditions in their communities.
Cluj Community Foundation
Supporters of the Swimathon, organized by the Cluj Community Foundation in Romania, invite the community to participate and enjoy a swimming competition sponsored by local donors.
In Asia and Africa, the legal and fiscal environments for community foundations tend to be unfavorable.
Canada – Regional community foundations
Recent community foundation development in Canada has emphasized regional approaches. Neighboring communities are establishing community funds within an established community foundation.