Community foundation
Pooled donations for improvement of a local society / From Wikipedia, the free encyclopedia
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Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States.[1] Private foundations are typically endowed by an individual or a single family.