In my first column, I explained that a community foundation aims to strengthen its community by facilitating philanthropy; partnering with donors to build permanent investment funds in support of community projects; and providing leadership on issues of broad community concern.

This week I'd like to explore partnering with donors in more detail.  A community foundation holds endowment funds (or permanent investment funds) that have been donated by individuals, corporations or governments for a stated purpose.  For example, funds could be donated for general granting to non-profits, for a specific field of interest, or with a particular charity in the community as the beneficiary.

Community foundations receive funds in various ways, including cash donations or a gift of other assets, which are usually in the form of marketable securities or proceeds from life insurance.

A community foundation's endowment funds will typically grow over time, as the income earned through careful investment by the foundation contributes to the capital.  In addition, the original donor may provide further contributions, and others with the same vision for giving may donate to a fund.  Opportunities also arise at times for original or additional donations to receive matching dollars from government sources.

There are many opportunities for local residents to give back and help support the community.  Community foundations gratefully acknowledge philanthropy of all sizes, and are keen to work with individuals and corporations to realize their charitable goals.