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Community Foundations started in Cleveland, Ohio in 1914 and have spread rapidly in the 1920s and 1930s. Today, there are more than 700 community foundations in the United States, with 25 in Florida.
The Community Foundation for Palm Beach and Martin Counties was established in 1972 and is one of the oldest and largest foundations in Florida. We administer charitable funds for our donors to support the needs of Palm Beach and Martin counties.
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Interim CEO and President: Gloria Ortega Rex CPA
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Established: 1972
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Status: 501 (c)(3) public charity
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Mission: To facilitate informed philanthropy and, together with our donors, serve as the leading catalyst for building vibrant communities. We do this by connecting donors to needs and causes that are meaningful to them; investing donors' funds prudently to achieve lasting results; and leading collaborative solutions to community issues.
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Assets under management: $141 million as of June 30, 2012
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Ranking in assets among U.S. Community Foundations: 74 (out of more than 700)
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Number of charitable funds: 280
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Grants: $94 million since inception; $8.2 million in fiscal year 2011-2012
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Scholarships: $6.8 million since 1983; $1,000,125 in fiscal year 2011-2012
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Board of Directors: 21 volunteers
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Full-time Staff: 11
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Accreditation: National Standards
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