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A community foundation is a tax-exempt, nonprofit organization that builds permanent, named, component funds established by many donors for the charitable benefits of the residents of a specific community or region.
Community foundations are one of the fastest growing sectors of philanthropy; there are 600 community foundations in the United States. Each generates savings that are invested directly into local communities.
Offering the highest tax breaks available under the law, community foundations accept gifts of various sizes and types. By connecting donor’s interests to actual needs in the community, charitable dollars are kept fresh and relevant. |
