In this week's Washington Snapshot:
Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.
Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for public foundations. You can use the filtering options on the right to narrow these results.
For nearly 100 years, the California Community Foundation (CCF) has been defined by the diverse passions of the more than 1,700 donors who share a dream for a better future. CCF’s initiative, Building a Lifetime of Options & Opportunities for Men (BLOOM), exemplifies this passion by addressing some of L.A. County’s toughest challenges by bringing community and financial resources to the table to create possible solutions.
When we face a new challenge, one of our first instincts is to reach out to someone for advice. By collaborating, sharing resources, and discussing common challenges, you and your peers multiply your impact and advance the common good.
Many community foundations are recognizing that impact investing can be a powerful tool in our philanthropic toolbox. Mission investments are investments made by foundations to further their philanthropic goals. Since 2009, the Seattle Foundation has committed $4 million of its unrestricted endowment assets to extend access to capital and expand economic opportunities for low income communities in our county.
At the White House last week, foundation executives, including the Council’s President and CEO Vikki Spruill, met with senior Administration officials for a roundtable on the future of impact investing. A complement to charitable giving and foundation grantmaking, impact investing offers a powerful opportunity to provide cash, loans, or equity capital to an organization, fund, or company that intends to generate measurable social or environmental impacts, alongside financial returns.
In this issue of Washington Snapshot:
In this week's This Week at the Council, you'll read about:
When Jessica David was wondering how to support her new hire, who was tasked with telling her foundation’s story online, she turned to her peers for advice.