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 Arkansas:
Arkansas Community Foundation, Inc.
Contact: Pat Lile, President/CEO
700 S. Rock Street
Little Rock, AR 72202-2519
Phone: (501)372-1116 Fax:
(501)372-1166
Website:
http://www.arcf.org/
Carroll County Community Foundation
c/o Arkansas Community Foundation, Inc.
149 Huntsville Rd.
Eureka Springs, AR 72632
Phone: (479)244-5734
Website:
http://www.arcf.org/page12842.cfm?CFID=26222326&CFTOKEN=20293327
Clark County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 38 - 700 Clay Street
Arkadelphia, AR 71923
Website:
http://www.arcf.org/page12863.cfm?CFID=26222326&CFTOKEN=20293327
Cleburne County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 1414
Heber Springs, AR 72543
Phone: (501)362-1701
Website:
http://www.arcf.org/page20938.cfm?CFID=26222326&CFTOKEN=20293327
Columbia County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 941
Magnolia, AR 71754
Phone: (870)235-5267
Website:
http://www.arcf.org/page12866.cfm?CFID=26222326&CFTOKEN=20293327
Conway County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 397
Morrilton, AR 72110
Phone: (501)977-3737
Website:
http://www.arcf.org/page12823.cfm?CFID=26222326&CFTOKEN=20293327
Craighead County Community Foundation
c/o Arkansas Community Foundation, Inc.
407 Union Street
Jonesboro, AR 72403
Phone: (870)268-8888
Website:
http://www.arcf.org/page12873.cfm?CFID=26222326&CFTOKEN=20293327
Endowment Foundation of Cross County
c/o Arkansas Community Foundation, Inc.
P.O. Box 62
Wynne, AR 72396
Phone: (870)238-2514
Website:
http://www.arcf.org/page12857.cfm?CFID=26222326&CFTOKEN=20293327
Delta Area Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 894
Dumas, AR 71639
Phone: (870)382-8940
Website:
http://www.arcf.org/page12860.cfm?CFID=26222326&CFTOKEN=20293327
Community Foundation of Faulkner County
c/o Arkansas Community Foundation, Inc.
1301 N. Museum Road
Conway, AR 72032
Phone: (501)932-0390
Website:
http://www.arcf.org/page12839.cfm?CFID=26222326&CFTOKEN=20293327
Fayetteville Community Foundation
Contact: Becky Brink, President/CEO
P.O. Box 997
Fayetteville, AR 72702
Phone: (479)444-6880 Fax:
(479)444-4403
Website:
http://www.fayettevillefoundation.org/
Fort Smith Area
Community Foundation
c/o Arkansas Community Foundation, Inc.
Plaza Suites at Central Mall, Room 502
5111 Rogers Avenue
Fort Smith, AR 72903
Phone: (479)484-5150
Website:
http://www.arcf.org/page12786.cfm?CFID=26222326&CFTOKEN=20293327
Endowment Foundation of Greene County
c/o Arkansas Community Foundation, Inc.
114 West Main Street
P.O. Box 1345
Paragould, AR 72451
Phone: (870)236-7718
Website:
http://www.arcf.org/page12854.cfm?CFID=26222326&CFTOKEN=20293327
Hot Springs Area Community Foundation
c/o Arkansas Community Foundation, Inc.
528 Central Avenue
P.O. Box 56
Hot Springs, AR 71902
Phone: (501)321-8193
Website:
http://www.arcf.org/page12817.cfm?CFID=26222326&CFTOKEN=20293327
Johnson County Community Foundation
c/o Arkansas Community Foundation, Inc.
1010 W Main Street, Suite #1
Clarksville, AR 72830
Phone: (479)754-5842
Website:
http://www.arcf.org/page12851.cfm?CFID=26222326&CFTOKEN=20293327
Community Foundation of Lee County
c/o Arkansas Community Foundation, Inc.
398 Hillcrest
Marianna, AR 72360
Phone: (870)295-4645
Website:
http://www.arcf.org/page12811.cfm?CFID=26222326&CFTOKEN=20293327
Mississippi County Community Foundation
c/o Arkansas Community Foundation, Inc.
300 North Fifth Street
Blytheville, AR 72316
Phone: (870)870-6000
Website:
http://www.arcf.org/page12814.cfm?CFID=26222326&CFTOKEN=20293327
Monroe County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 552
Brinkley, AR 72021
Phone: (870)734-4060
Northwest Arkansas Community Foundation
Contact: Suzanne Ward, Executive Director
800 Founders Park Dr.
Springdale, AR 72762-8334
Phone: (479)361-4624 Fax:
(479)927-0930
Website:
http://www.nwacommunityfoundation.org/
Ouachita Valley Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 86
Camden, AR 71711
Phone: (870)836-5698
Website:
http://www.arcf.org/page12848.cfm?CFID=26222326&CFTOKEN=20293327
Ozark Community Foundation, Inc.
351 East Ninth Street, Suite B
Mountain Home, AR 72653
Phone: (870)425-6066
Phillips County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 689
Helena, AR 72342
Phone: (870)572-2727
Website:
http://www.arcf.org/page12836.cfm?CFID=26222326&CFTOKEN=20293327
Pine Bluff Area Community Foundation
c/o Arkansas Community Foundation, Inc.
Donald W. Reynolds Community Services Center
211 West 3rd Avenue, Suite 105
Pine Bluff, AR 71601
Phone: (870)850-7934
Website:
http://www.arcf.org/page12820.cfm?CFID=26222326&CFTOKEN=20293327
Pope County Community Foundation
c/o Arkansas Community Foundation, Inc.
1001 East B Street
P. O. Box 2112
Russellville, AR 72811
Phone: (479)968-2452
Website:
http://www.arcf.org/page12833.cfm?CFID=26222326&CFTOKEN=20293327
Southeast Arkansas Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 325
Eudora, AR 71640
Phone: (870)355-8443
Website:
http://www.arcf.org/page12829.cfm?CFID=26222326&CFTOKEN=20293327
St. Francis County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 3002
Forrest City, AR 72336
Phone: (870)360-2400
Website:
http://www.arcf.org/page12826.cfm?CFID=26222326&CFTOKEN=20293327
Texarkana Area Community Foundation
c/o Arkansas Community Foundation, Inc.
300 Olive Street, Ste. 501
Texarkana, AR 71854
Phone: (870)216-7022
Website:
http://www.arcf.org/page12804.cfm?CFID=26222326&CFTOKEN=20293327
Twin Lakes Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 275
Mountain Home, AR 72654
Phone: (870)425-2694
Website:
http://www.arcf.org/page12870.cfm?CFID=26222326&CFTOKEN=20293327
Union County Community Foundation, Inc. (AR)
Contact: Elise Drake, Executive Director
P.O. Box 148
El Dorado, AR 71731-0148
Phone: (870)862-8223 Fax:
(870)862-8254
Email: uccf@ipa.net
White County Community Foundation
c/o Arkansas Community Foundation, Inc.
P.O. Box 8171
Searcy, AR 72145-8171
Phone: (501)827-4456
Website:
http://www.arcf.org/page12876.cfm?CFID=26222326&CFTOKEN=20293327