A community foundation is a public charity that focuses on supporting a geographical area, by facilitating and pooling gifts to address community needs and support local nonprofits through grantmaking.
Community foundations offer numerous types of grantmaking programs, including donor-advised funds, endowments, field-of-interest funds, designated funds and sometimes giving circles and scholarships.
Community foundations are funded by gifts from individuals, families, and businesses. They are designated "tax-exempt public charities" rather than "private foundations" because they raise a significant portion of their gifts from a broad number of donors each year.
In 1914, a banker, Frederic Goff, established the first community foundation in Cleveland, Ohio. Today, there are about 800 USA community foundations and over 1,800 worldwide. Each is addressing community needs and empowering people to address local challenges and opportunities.
Established in 2000, the mission of our Community Foundation of Tompkins County is to improve the quality of life in Tompkins County by inspiring and supporting enduring philanthropy.