The first community foundation was established 1914 in the USA. They started in the early 1980s in the UK and in 1997 Melbourne Community Foundation became the first independent community foundation in Australia.
A community foundation seeks to build a permanent pool of locally held funds to support local communities.
Community foundations are a growing forms of philanthropy in the world with over 700 in the US and the same again in Europe. There are good reasons for this:
Community foundations share the same characteristics. They:
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