The whole community. By promoting the value of charitable giving and providing grants from every sector from seniors to youth, health, education, the arts, and recreation.
All kinds of people give many types of gifts – cash, real estate, stock, artwork and insurance. Flexibility is key. Donors can choose to support their hometown broadly or designate a favourite cause or charity. Many charities also place their endowment funds with community foundations in order to benefit from greater returns on their investments.
Community foundations combine three main roles:
1. Endowment Building/Donor Service: Pool the charitable gifts of many donors to create permanent, income-earning endowment funds – a nest egg that will always be there to benefit communities. Connect donors with the issues and organizations that matter most to them. Offer a variety of funds to meet donors’ charitable goals; use their insight and experience to help donors have maximum impact.
2. Grant Making: Use the income earned by invested funds to give grants to a wide range of community groups; the original investment is left to grow over time.
3. Community Convening and Leadership: Work with the entire community, bringing people together from all sectors to identify and address local issues.
Locally run public foundations that build and manage endowment funds to support charitable activities in their area.
Each community foundation is autonomous and governed by a volunteer board of local leaders. They exist in every province and one territory and are linked and supported at the national level through their membership organization, Community Foundations of Canada.