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.
Families, individuals, businesses, and nonprofit groups establish endowments within community foundations where they can deposit various resources for charitable purposes. The entities responsible for these funds may recommend that grants be given, either publicly or privately, to eligible nonprofit organizations and schools.