Community foundations are independent organizations that manage the gifting of philanthropic resources from individual donors to community-based organizations. Community foundations enable individuals, families and institutions (businesses, churches, universities, nonprofit agencies, service organizations, etc.) to create charitable funds to address a wide range of interests and issues, usually within a given geographic area.
A key difference between a community foundation and other types of charities is that unlike other philanthropic organizations, we do not ask you to support our cause; instead, we ask what causes you would like to support and we help you do that.
Community foundations have three basic features: community leadership, local expertise, and personalized service to fundholders.
Community foundations have three basic functions: to provide independent, nonbiased leadership, to serve as a grantmaker to community organizations, and to provide donors with a vehicle for philanthropy.
Because they build endowments through contributions from a broad cross-section of society, community foundations are designated “public charities” rather than “private foundations” by the IRS. Most community foundations, including Triangle Community Foundation, belong to the Council on Foundations, our national professional association. To learn more about community foundations, visit The Council on Foundations.
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