Knitting a social fabric: the number of community foundations has doubted in fewer than eight years; their assets have more than tripled.(Corporative Giving)

From: Florida Trend | Date: December 1, 2007| Author: Giving Barbara | Copyright information

Community foundations have emerged as one of the fastest-growing philanthropic sectors in both Florida and the U.S. The foundations, which are steered by boards of local citizens, solicit gifts from individual and corporate donors and distribute the money to a variety of charitable organizations within the community.

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In 1997, there were 12 community foundations in Florida with approximately $323 million in assets. By 2005, 26 Florida com...

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