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.
Community foundations allow families, individuals, businesses, and nonprofit organizations to set up funds into which they can contribute diverse assets for charitable use. These contributors can then propose that grants be awarded, either in the name of the fund or without attribution, to qualified nonprofit organizations and educational institutions.