California Community Foundation Pledges $1 Billion to Los Angeles County Nonprofits

In celebration of its 100th anniversary, the California Community Foundation is pledging $1 billion to Los Angeles County's nonprofit organizations over the next decade.

The funding announcement follows a survey that found L.A. County residents want to be involved in their communities, but believe they don't have enough time or knowledge to help.

"Our commitment to L.A. County is very strong," said Antonia Hernandez, president and chief executive of the foundation. "For us, making that commitment of $1 billion over 10 years in a way gives a sense of stability and continuity and that we’re here for the long run to handle the difficult issues and challenges facing L.A. County."