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 Since its founding in 1972, the Community Foundation for Palm Beach and Martin Counties has granted over $78 million to the community in the areas of Arts and Culture, Community and Economic Development, Education, the Environment, Health and Human Services, Intergenerational Programs and Education, including more than $5.1 million in scholarships to more than 1,300 students in Palm Beach and Martin counties.
Nonprofit organizations throughout Palm Beach and Martin counties help us to fulfill our mission and together we can make our region a better place to live.
The Community Foundation accepts contributions from individuals, families, businesses, corporations and other foundations in support of community initiatives, special projects and permanent endowment. Income from endowment is used to make grants and award scholarships primarily in Palm Beach and Martin counties.
The Community Foundation gives donors the power to make a difference. When a donor creates a fund at the Community Foundation, they get the resources and expertise of our staff. We work with donors to make sure their charitable contributions meet their philanthropic goals and allow them to have an impact on the community and issues they care about.
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A community foundation is a tax-exempt public charity created by and for the people in a local area. It enables people with philanthropic interests to easily and effectively support the issues they care about - immediately or through their will or estate plan. The United States has more than 700 community foundations serving citizens in urban and rural communities in all 50 states. Collectively, community foundations hold more than $31 billion in assets and make local grants of approximately $2.6 billion annually.
In 2000, the Council on Foundations and leaders of the community foundation field created National Standards to aid community foundations in establishing legal, ethical and effective operational practices that would show the foundations' transparency and financial responsibility in light of the increased public scrutiny of foundation practices. In addition, National Standards were developed to distinguish community foundations from other philanthropic vehicles, build the capacity of community foundations to carry out their missions, and assist the field with self-regulation in a manner viewed positively by the Internal Revenue Service.
The Community Foundation for Palm Beach and Martin Counties is pleased to have received National Standards certification in April 2006.
For general information on community foundations, visit www.communityfoundations.net
For information on Florida community foundations, visit www.communityfoundationsfl.com
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