The Council has actively supported extending and expanding the IRA charitable rollover since its inclusion in The Pension Protection Act of 2006 (PPA). We know this provision is particularly important to our community foundation members, and we will continue to be engaged in this legislation as it moves forward in the 113th Congress.
Community foundations are grantmaking public charities that are dedicated to improving the lives of people in a defined local geographic area. They bring together the financial resources of individuals, families, and businesses to support effective nonprofits in their communities. Community foundations vary widely in asset size, ranging from less than $100,000 to more than $1.7 billion.
Community foundations play a key role in identifying and solving community problems. In 2011, they gave an estimated $4.3 billion to a variety of nonprofit activities in fields that included the arts and education, health and human services, the environment, and disaster relief. The Community Foundations National Standards Board confirms operational excellence in six key areas—mission, structure, and governance; resource development; stewardship and accountability; grantmaking and community leadership; donor relations; and communications. Foundations that comply with these standards can display the official National Standards Seal. Right now nearly 500 community foundations have earned the seal.
More than 750 community foundations operate in urban and rural areas in every state in the United States; currently, more than 570 belong to the Council on Foundations. The community foundation model also has taken hold around the world. According to the 2010 Community Foundation Global Status Report, there are 1,680 community foundations in 51 countries. Forty-six percent exist outside of the United States. You can use our Community Foundation Locator to view a list of community foundations in the United States.
Below is everything on our site for community foundations. You can use the filtering options on the right to narrow these results.
Find community foundations in your area by clicking on the map. You can view a listing of all accredited community foundations on the National Standards for U.S. Community Foundations™ website.
Community foundations that award scholarships and other grants to individuals from funds with donor involvement should be sure these funds comply with the requirements of the Pension Protection Act of 2006.
We urge community foundations to review this resource in conjunction with our sample board resolution.
WHEREAS, The XYZ Community Foundation (the “Community Foundation”) has funds that were established for the purpose of providing scholarships and other charitable awards to individuals; and
WHEREAS, federal legislation enacted in August 2006 amends certain provisions of the Internal Revenue Code of 1986, as amended (the “Code”), prohibiting donor advised funds, as defined in Code Section 4966 (“Section 4966 Donor Advised Funds”), from making grants to individuals; and
The Philanthropy Exchange is a private social network that allows Council members to connect with peers. On the Exchange, members can discuss topics of shared interest, share resources, and develop stronger relationships that advance their work. Watch this 2-minute video walk-through to get a feel for the platform.
This new media marketing portfolio provides community foundations with resources they can use to call attention to the good work you do every day in your home community. Take advantage of these tools and messages to communicate your organization’s unique role and place among residents, donors and leaders. The portfolio includes
Members can now access the following salary tables with data from the 2013 Grantmakers Salary and Benefits Survey.
The Council on Foundations’ Foundation Management Series provides foundation boards and staff with the tools needed to benchmark their practices and operations against peers in the field. Containing data from the Council’s 2009 Foundation Management survey, the series consists of three reports: Board Composition and Compensation, Administrative and Investment Expenses, and Fiscal Oversight.
The board compensation and administrative expenses tables are available for free to members:
Review and compare asset allocation, investment performance, and management practices of community foundations. The most recent quarterly data includes community foundations with less than $5 million in assets.