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.
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This compilation of country codes and laws is intended to assist grantmakers and their advisors when undertaking equivalency determinations for foreign grantees under IRS Revenue Procedure 92-94. Specifically, this section describes the legal framework of nonprofit organizations (also known as non-governmental organizations or NGO's) in select countries, along with translations of legislative provisions relevant to an equivalency determination under IRS Revenue Procedure 92-94.
Community Foundation Fundamentals
Ashley Allison, Executive Director, Waco Foundation
Mike Batchelor, President, Erie Community Foundation
Veronica Blake, Chief Financial Officer, Placer Community Foundation
Peter Dunn, President and CEO, Central New York Community Foundation
Brian Frederick, President, The Community Foundation of Greater Lorain County
Carol Golden, Executive Vice President & Chief Philanthropy Officer, The Rhode Island Foundation
Mary Jalonick, Executive Director, The Dallas Foundation
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This report highlights the accomplishments, challenges and lessons learned from TCWF's Violence Prevention Initiative (VPI or Initiative) during the period 1992-2003.