Council On Foundations
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Council On Foundations
The Council on Foundations, founded in 1949, is a nonprofit leadership association of grantmaking foundations and corporations. The Council's mission is to provide the opportunity, leadership, and tools needed by philanthropic organizations to expand, enhance, and sustain their ability to advance the common good. Its vision is as a strategic leader that raises issues of shared interest, expands the thinking about our field, builds collaborative efforts, and breaks down barriers that stand in the way of effective and dynamic philanthropy. The Council is led by Kathleen P. Enright as its President and CEO and Javier Soto as the Chairman of the Board of Directors. See also *Private foundation *Community foundation Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global pheno ... References Exte ...
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Private Foundation
A private foundation is a tax-exempt organization not relying on broad public support and generally claiming to serve humanitarian purposes. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets.National Center for Charitable Statistics Most private foundations are much smaller. Out of the 84,000 private foundations that filed with the IRS in 2008, approximately 66% have less than $1 million in assets, and 93% have less than $10 million in assets. In aggregate, private foundations in the U.S. control over $628 billion in assets and made more than $44 billion in charitable contributions in 2007. Unlike a charitable foundation, a private foundation does not generally solicit funds from the public or have the legal requirements and reporting responsibilities of a registered, non-profit or charitable foundation. Not all foundations engage in philanthropy: some private foundations are used for estate planning purposes. Des ...
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Community Foundation
Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States. Private foundations are typically endowed by an individual or a single family. Operation Community foundations are independent registered philanthropic institutions serving geographically defined territory, typically a city or administrative area (county, region and the like). The six main characteristics of the CFs are: # Act as grant-making foundations – e.g. give grants to support development projects # Their mission broadly defined – e.g. to improve quality of life in a community # Serve geographically defined communities – a city, state, region, district or province # Are supported by a broad range of private as well as public donors and ...
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