President Obama unveiled his Fiscal Year 2015 Budget yesterday, which sets forth the Administration’s spending and policy priorities for the coming year. The Budget presents a fiscal plan oriented around three White House priorities: accelerating economic growth, expanding opportunity for all Americans, and reducing deficits. To cover the cost of these proposals, the Administration seeks to close certain “tax loopholes” it views as providing particular benefit to the wealthy, such as the carried interest deduction.
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.
Working in collaboration with the Center for American Progress, the Council co-hosted conversations among foundations, community development financial institutions, and investment firms about social impact bonds and Pay for Success. Out of these conversations, two issue briefs were created:
In this week's This Week at the Council, you'll read about:
- Tax Policy Debate Heats Up
- Philanthropy Week in Washington Final Preparations
- Council Responds to Chairman Camp
- Council to IRS: 501(c)(4) Rules Go Too Far
- Twitter Chat on Friday, March 7, 12pm
- Private Foundation Investment Study
As President Obama presents his proposed budget and as Congress considers comprehensive tax reform, proposed policy changes could have a significant – and potentially harmful – impact on philanthropy’s effectiveness. That’s why the Council on Foundations is pleased to welcome nearly 150 leaders from throughout the philanthropic sector for the first annual Philanthropy Week in Washington March 3-7, 2014.
In this week's This Week at the Council you'll read about:
- Gearing Up for Philanthropy Week in Washington
- Reminder: Call For Sessions
- Video: Creating Effective Stories Lawmakers Will Remember
- Community Foundations Use Information to Drive Impact
- Deadline Extended: Field Comment on National Standards Revisions
The Community Foundations National Standards Board (CFNSB) announces an extension to the public comment period for the Proposed Revised National Standards. These revisions are being made as part of a five-year review cycle and will remain open to public comment until February 26, 2014.
In this week's This Week at the Council, you'll read:
Tell Us About Your Professional Development Needs
Call for Sessions
Be a part of the 2014 Annual Conference: Philanthropy Exchange!
The Council is issuing a Call for Sessions to leading civil and social innovators. We are looking to you for well-developed sessions that offer diverse perspectives, concrete solutions, and fresh insights into our Spotlight Issue: The Role of Philanthropy in an Increasingly Polarized Society.