BUT FIRST, WHAT IS A COMMUNITY FOUNDATION?
A Way for People of All Means to Better Their Community
A community foundation is a tax-exempt, nonprofit, philanthropic body that raises funds from the public for the charitable benefit of the residents of a defined geographic area.
In the words of the Community Foundation Partnership, Inc., "The central purpose of a community foundation is to serve the needs and philanthropic aims of donors who wish to better their community, now and in the future. Community foundations do this by providing donors with flexible, efficient, and tax-effective ways to ensure their charitable giving achieves the greatest possible impact.”
Community foundations provide a range of services to donors who wish to establish endowed funds without incurring the costs of starting independent foundations. Generally, they support programs and initiatives that are run by other nonprofit entities, though at times they also manage programs of their own.
Overall, a community foundation is a powerful conduit, connecting diverse opinions and players for the good of the whole community.
At the Pomona Community Foundation, we’re dedicated to helping our community in many ways.