Community foundations
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.
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 following is a list
of community foundations in Georgia:
Community Foundation for Greater
Atlanta
Contact: Alicia A. Philipp, President
The Hurt Building
50 Hurt Plaza, Suite 449
Atlanta, GA 30303-2915
Phone: (404)688-5525 Fax: (404)688-3060
Website:
http://www.cfgreateratlanta.org
Greater Augusta Community Foundation
Augusta, GA
Community Foundation of Central Georgia
Contact: Kathryn Dennis, President
277 Martin Luther King Jr. Blvd., Suite 303
Macon, GA 31201-3489
Phone: (478)750-9338 Fax: (478)738-9214
The Community Foundation for the Central Savannah River Area
Contact: R. Lee Smith, Jr., President/CEO
P.O. Box 31358
Augusta, GA 30903-3158
Phone: (706)724-1314 Fax: (706)724-1315
Website: http://www.cfcsra.org/
The Community Foundation of the Chattahoochee Valley
Contact: Betsy W. Covington, Executive Director
11 E. Tenth Street
P.O. Box 1620
Columbus, GA 31902-1620
Phone: (706)320-0027 Fax: (706)320-9331
Website: http://www.cfcv.com/
The Community Foundation for Clayton County, Inc.
c/o Community Foundation for Greater Atlanta
P.O. Box 71111
Newnan, GA 30271-1111
Phone: (678)468-8320 Fax: (678)462-3955
The Community Foundation for Fayette County
c/o Community Foundation for Greater Atlanta
P.O. Box 71111
Newnan, GA 30271-1111
Phone: (678)462-8320
Communities of Coastal Georgia Foundation
Contact: Lee Hiers Owen , Executive Director
P.O. Box 938
Brunswick, GA 31521
Email:
lowen@coastalgeorgiafoundation.org
The Community Foundation for Henry County
c/o Community Foundation for Greater Atlanta
P.O. Box 87
Covington, GA 30015
Phone: (770)788-2250
The Community Foundation for Morgan County
c/o Community Foundation for Greater Atlanta
P.O. Box 87
Covington, GA 30015
Phone: (770)788-2250 Fax: (770)385-8481
The Community Foundation for Newton County
c/o Community Foundation for Greater Atlanta
P.O. Box 87
Covington, GA 30015
Phone: (770)788-2250
The Community Foundation for North Fulton
c/o Community Foundation for Greater Atlanta
P.O. Box 768682
Roswell, GA 30076
Phone: (770)650-9242 Fax: (770)650-0948
North Georgia Community Foundation
Contact: James E. Mathis Jr. , President and CEO
615-F Oak Street, Suite 1300
Gainesville, GA 30501-8522
Phone: (770)535-7880 Fax: (770)503-0439
Website: http://www.ngcf.org/
The Community Foundation of Northwest Georgia
Contact: David Aft, President
P.O. Box 942
Dalton, GA 30722-0942
Phone: (706)275-9117 Fax: (706)275-9118
The Savannah Community Foundation, Inc.
Contact: Russ Simpson, President
7393 Hodgson Memorial Drive, Suite 204
Savannah, GA 31406-1509
Phone: (912)921-7700 Fax: (912)921-3230
Community Foundation of Southwest Georgia, Inc.
Contact: Wade Miller, Executive Director
P.O. Box 2654
135 N. Broad Street
Thomasville, GA 31799
Phone: (229)228-5088 Fax: (229)228-0848
Website: http://www.cfsga.org/
Community Foundation of West Georgia
Contact: Kim B. Jones, President
200 Northside Drive
Carrollton, GA 30117-1832
Phone: (770)832-1462 Fax: (770)832-1300
Website: http://www.cfwg.net/
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