A Community Foundation
A community foundation is a type of foundation formed by broad-based community support from multiple sources: trusts, endowments, individual contributions, or private foundation grants.
A community foundation generally makes grants only within a specified geographic area and is governed by a board representative of the community it serves.
As a community foundation, The Catholic Foundation enjoys the tax benefits and spending flexibility afforded a public charity by relevant federal legislation and IRS regulations. It appreciates the efficiencies and cost savings realized by investing and managing in tandem charitable resources from many sources. And, as an established source of charitable funding, it possesses an unparalleled knowledge of ongoing and emerging community needs.
Taken together these advantages make philanthropy easy and powerful.