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2001 Conference - Rotorua
  
No. 6: Stresses Local Investment and
Local Ownership
"All the historic evidence indicates that
significant community development only takes place when local
community people are committed to investing themselves and their
resources in the effort. That's why you can't develop communities
from the top down, or from the outside in"
(John McKnight, John Kretzmann, Mapping Community
Capacity)
Community Foundations
- Service a geographical community
- Pool the charitable gifts (cash, real estate, stock, artwork,
insurance) from many donors into permanent, income earning
endowment funds
- Make grants from the earnings of these funds to support a wide
range of local initiatives: - from health, education and social
services to arts, environment and economic development
- Provide leadership to their communities by bringing people
together from all sectors to identify and address local issues
- Canada - 113 Community Foundations with
combined assets of more than $1.4 billion.
During 2000, they made over $70 million in grants
- USA - 600 Community Foundations which in 1998
(twice the number in 1988):
- - held assets of $25 billion (4 times more than in 1988)
- - distributed $1.53 billion (5 times more than in 1988)
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