Families, individuals, businesses, and nonprofit groups establish funds within community foundations into which they can contribute a variety of assets to be used for charitable purposes. The people or organizations that establish the funds can then recommend that grants be distributed, in the name of the fund or anonymously, to qualified nonprofit groups and schools. The donor receives a charitable deduction in the year that gifts are made into their funds.
The assets of community foundations are pooled and invested, with donors typically having a choice of investment products.
The funds established at community foundations can be expendable funds (i.e., grants can be made in any amount at any time) or they can be endowments, which limit distributions to the interest earned on the assets. Endowments last in perpetuity.
The first community foundation was set up in Cleveland in 1914 by Frederick Goff and operating now as the Cleveland Foundation. Others soon followed including the California Community Foundation and the Chicago Community Trust.
Community foundations
are now a global phenomenon. There are at least 700 in
the United States and perhaps 1000 more around the world
with numbers
growing rapidly.
The above definition is from Wikipedia, the free
encyclopedia
Source:
http://en.wikipedia.org/wiki/Community_foundation
The following is a list of community foundations in Alabama:
Autauga Area Community
Foundation
c/o Central Alabama Community Foundation, Inc.
Post Office Box 11587
Montgomery, AL 36111
Phone:
334-264-6223
The Community
Foundation of Baldwin County
c/o
The Community Foundation of
South Alabama
P.O. Box 990
Mobile, AL 36601
Phone:
251-438-5591
Black Belt Community Foundation
609 Lauderdale Street
Selma, AL 36701-4555
Phone:
334-874-1126
Fax: 334-874-1131
Contact: Felecia
L. Jones, Executive Director
The Greater Brewton Foundation
P.O. Box 87
Brewton, AL 36427
Contact: John David Finlay, Jr., Pres.
Community Foundation of Calhoun County
1000 Quintard Ave., Ste. 307
P.O. Box 1826
Anniston, AL 36202
Telephone: 256-231-5160 Fax:
256-231-5161
Contact: Wayne Carmello-Harper,
President and CEO
Email:
wcarhar@yourcommunityfirst.org
For general information:
info@yourcommunityfirst.org
Website:
http://www.yourcommunityfirst.org/
Central Alabama Community Foundation,
Inc.
P.O. Box 427
Montgomery, AL 36101-0427
Telephone:334-264-6223
Fax:334-263-6225
Contact: Carol W. Butler,
Executive Director
Email:
cacf@bellsouth.net
Website:
http://www.cacfinfo.org
Community Foundation of the Chattahoochee Valley
11 10th St.
P.O. Box 1620
Columbus, GA 31902-1620
Telephone: 706-320-0027 Fax:
706-320-9331
Contact: Betsy W. Covington, Exec. Dir.
Email:
bcovington@cfcv.com For
general information:
info@cfcv.com
Website:
http://www.cfcv.com
Elmore County Community Foundation
c/o Central Alabama Community
Foundation, Inc.
Post Office Box 11587
Montgomery, AL 36111
Phone:
334-264-6223
The Community Foundation of Greater Birmingham
2100 First Ave. N., Ste. 700
Birmingham, AL 35203
Telephone: (205) 328-8641 Fax:
(205) 328-6576
Contact: Kate Nielsen,
President
Email:
knielsen@foundationbirmingham.org
For general information:
info@foundationbirmingham.org
Website:
http://www.foundationbirmingham.org
The Community Foundation
of Greater Decatur
P.O. Box 2003
Decatur, AL 35602
phone:
256/353-5312
Contact: Arthur W.
Orr
Greater Huntsville Foundation
P.O. Box 507
AmSouth Bank
Huntsville, AL 35804-0507
Phone:
256-535-6837
Limestone Area Community Foundation, Inc.
P.O. Box 1346
Athens, AL 35612
Riverbend Community
Foundation
201 South Court Street, Fourth Floor
Suntrust Bank Building
Florence, AL 35630
Phone:
256-767-7878
Fax: 256-767-7878
Shelby County Community
Health Foundation
1000 First Street North
Alabaster, AL 35007
Phone:
205-620-8400
Fax: 205-620-7187
Contact: Holt
Cloud, President of Board
The Community Foundation of South Alabama
154-A St. Louis St.
Mobile, AL 36602
Telephone: 251-438-5591 Fax:
251-438-5592
Contact: Thomas H. Davis, Jr., Exec. Dir.
Email:
tdavis@communityendowment.com
For general information:
info@communityendowment.com
Website:
http://www.communityendowment.com
Community Foundation of Southeast Alabama
179 Honeysuckle Rd., Ste. 5
P.O. Box 1422
Dothan, AL 36302-1422
Phone: 334-671-1059 Fax:
334-793-0627
Contact:
David C. Jamison, President and CEO
Website:
http://www.cfsea.org
Community Foundation of West Alabama
P.O. Box 3033
Tuscaloosa, AL 35403
Telephone: 205-336-6098 Fax
205-366-0813
Contact: Glenn Taylor, Exec. Dir.
E-mail:
CFOWA@bellsouth.net
Website:
http://www.thecfwa.org
Walker Area Community Foundation
P.O. Box 171
Jasper, AL 35502-0171
Telephone: 205-302-0001 Fax:
(205) 302-0424
Contact: Carol Savage, Exec. Dir.
Email:
wacf@walkerareafoundation.org
For general information contact:
wacf@bellsouth.net
Website:
http://www.wacf.org