In addition to establishing a fund at a community
foundation (see Give to or through a Community
Foundation), groups of donors may want to consider creating a new
community foundation or other type of public foundation.
Community foundations can be established by a group of citizens interested in
serving a particular geographic community or region, or by a group of
individuals interested in supporting a specific interest or cause. Once
established, community foundations can help existing nonprofits to build
endowments, hold funds designated by donors for specific agencies, and make
grants to charitable organizations. Community foundations also have a mission to
establish and increase flexible permanent funds that can be used at the
discretion of the foundation board to meet the needs of the community it serves.
For some examples of community foundations, see the list of Minnesota
Community Foundations.
NEXT STEPS
PUBLICATIONS
Community foundations require a great deal of work and technical expertise to
start and maintain. As a starting point, the Minnesota Council on Foundations
offers several useful publications for sale. For details, see Giving
Resources.
HELP
The Minnesota Council on Foundations is available for one-on-one
consultations. Contact the Council at 612.338.1989 or info@mcf.org.
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