Community Foundations in Canada
Community Foundations are independent, volunteer-driven, charitable organizations that aim to strengthen their communities by facilitating philanthropy. They partner with donors to build permanent endowments and other funds from which they support community projects and provide leadership on issues of broad community concern.
The responsibility for each Foundation’s investment portfolio lies with their board of directors with guidance of their investment professionals. The investment professionals recommend policy, establish performance metrics and monitor the performance of the portfolio.
The Community Foundation movement is global. The number of Community Foundations has nearly doubled in the past 10 years and there are now over 1,600 Community Foundations worldwide.
Community Foundations are one of Canada’s largest grant makers. Though all 191 Community Foundations in Canada operate with a similar model, each is a separate, independent Foundation. While each foundation is autonomous, they are linked and supported by Community Foundations of Canada, their national membership organization. To learn more about Community Foundations of Canada and its role, click here.
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