For the 100th anniversary of America’s community
foundations, David C. Perry of the University of Illinois at Chicago and
Terry Mazany of the Chicago Community Trust have edited a volume of
essays by community foundation leaders entitled Here for Good: Community Foundations and the Challenges of the 21st Century. It
covers topics like the role of community foundations in facilitating
collaboration among local stakeholders, rural philanthropy, and whether,
as Douglas Kridler of the Columbus Foundation writes, “we go the way of
newspapers, symphony orchestras, and other signs of community vitality
that were under so much financial strain at the time of the writing of
this book.”
The Cleveland Foundation was the first community foundation, founded
in 1914 by lawyer and banker Frederick Harris Goff. Ronald Richard,
present-day president and CEO of the Cleveland Foundation, writes in Here for Good that
Goff’s model was “a permanently enduring organization flexible enough
to address the needs and seize the opportunities of any era.” Today
there are 700 such foundations in America with almost $50 billion in
assets. In 2011, community foundations made grants of around $4.2
billion, more than 10 percent of the country’s total foundation grant
making.
Read more at Philanthropy Daily here.
Wednesday, August 13, 2014
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