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A community foundation is a tax-exempt public charity created by and for the people in a local area. It enables people with philanthropic intrests to easily and effectively support the issues they care about either immediately or through their estates. It also allows them to provide a regular, growing source of income for charities in perpetuity by the estblishment of endowments.
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Read more... [What is a Community Foundation?]
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Private Foundations are a great community asset and can be an ideal solution for the philanthropic goals of some donors. However, establishing a fund at the Community Foundation with the advantages of fewer administrative hassles and lower operational costs is, for others, a more attractive alternative. Donors can retain a high level of involvment in their giving or allow the Foundation to make grants on their behalf where it is most needed in the community.
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Read more... [Community vs. Private Foundation]
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