Study Describes Growth of Community Foundations in Mexico

May 20, 2009 — A new, comprehensive study of 21 community foundations in Mexico reports that these organizations are strengthening the civic fabric and playing a pivotal role in growing a new type of philanthropy in Mexican communities.

According to 2007 financial information, the community foundations raised more than $30.8 million (U.S. dollars) in assets since their founding, principally from local, private sources. That figure places Mexico at the forefront of Latin America’s grassroots philanthropy. This is especially noteworthy, the study says, because many of the 21 community foundations are still quite new and have small staffs.