On Tuesday, May 22, 2018, Rep. Tom Reed (R-NY) introduced the Reducing Excessive Debt and Unfair Costs of Education (REDUCE) Act of 2018 (H.R. 5916). The bill comes as part of a broad plan Rep. Reed announced in late 2016 to address college affordability. The proposal targets colleges and university endowment-spending practices and gift acceptance policies as a means of increasing affordability.
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. We highly recommend that you use the navigation or our search feature to find what you're looking for on our site.
I have been eager to intern at the Council on Foundations since I received my acceptance letter. While coming into this experience, I did not know what exactly the Council was, I am excited to learn more about the sector and help achieve the organization’s goals. I am 1 of 7 interns here at CoF for the summer.
Miami resident Jackie Mansfield established the Play to Win Fund to educate and empower inner city youth.
Among the many projects supported by the Nicholas C. Nellos Memorial Fund, is a food cart program of New Day Youth and Family Services, seen here delivering empanadas locally.
The High Peaks Wilderness in New York's Adirondack Park is the largest wilderness area in the Northeast. The Evergreen Fund, at Adirondack Foundation, supports trail work and educational programs to ensure this cherished resource endures for generations to come. © Larry Master, courtesy of Adirondack Foundation
The Council created these communications tools to assist our members in sharing how donor advised funds are being used to impact their communities. The toolkit includes sample templates and other useful resources to share with local media and other stakeholders in your community.
In This Week's Edition of Snapshot…
- Bill Targeting University Endowments and Contributions Introduced
- Charitable Giving Discussed at Senate Hearing
- Attacks Against Johnson Amendment Continue
- Ways and Means Announces Subcommittee Updates
- IRS Provides Guidance for Grantmakers and Donors
- Treasury and IRS to Propose New Regulations on SALT Workarounds
The Council on Foundations has named Ruth LaToison Ifill as its new Vice President of Diversity, Equity, and Inclusion. She will lead efforts to develop and implement strategic initiatives, tools, educational programs and opportunities that foster a culture of diversity, equity and inclusion among philanthropic organizations.