A foundation is an organization that uses money and expertise to make
our world, our society, or our community a better place.
What is a Community Foundation?
Many foundations are private foundations, set up by wealthy individuals
who want to use some of their money for charitable causes. Some foundations
are set up by large corporations, while others are set up by families.
Still others, called community foundations, use their money to make grants
to nonprofit organizations and institutions in their local communities,
and also to encourage people in the community to donate money and get
involved in philanthropy. Rose Community Foundation is this type of foundation.
Here is a more technical definition of a community foundation:
A community foundation is a tax-exempt, not-for-profit, autonomous,
publicly supported, philanthropic institution comprised primarily of permanent
funds endowed by many separate donors for the long-term benefit of the
residents of a defined geographic area.
What is a Grant?
When a foundation gives money to a charitable organization, it is called
a grant. The organization can use the grant to do its work; the money
does not need to be paid back. Foundations make grants to organizations
that are doing the kind of work that the foundation wants to support.
Some foundations make grants to all kinds of good causes. But many foundations
limit the kinds of organizations they support, for example, making grants
only to help the environment, support arts and culture, or to assist the
poor. Rose Community Foundation supports five areas: Aging,
Child and Family
Health and Jewish
What is an Initiative?
Sometimes foundations, including community foundations, decide that they
want to address a specific community problem or issue in a new or different
way. In this case, they may decide to use foundation funds to hire staff
or consultants to work on the issue. In some cases, several foundations
might collaborate to address a community issue. Rose Community Foundation
has been involved in several major initiatives to address issues such
as public education,
encouraging people over 55 to stay active in the community, health
education, and getting
Jewish youth involved in philanthropy.
More About Grantmaking
Within the world of grantmakers, there are numerous specialized associations
where members learn from each other in order to be better grantmakers.
Rose Community Foundation is a member of several of these affinity groups
of funders that make grants in the same areas as the Foundation: Aging,
Child and Family Development, Education and Health and Jewish Life.
Grantmakers in Aging
Grantmakers for Children,
Youth and Families
Grantmakers for Education
Grantmakers in Health
Jewish Funders Network