The Council on Foundations and Community Foundations National Standards Board Announce Next Steps for National Standards for U.S. Community Foundations

There are more than 700 community foundations nationwide that direct philanthropic resources from institutional and individual donors to community-based organizations. These foundations are charged with providing funding resources from institutional and individual donors to community-based organizations. They range in size, from those with more than $2.3 billion in assets to those with $100,000 or less. In 2007, community foundations gave an estimated $4.1 billion to a variety of nonprofit activities in fields that included the arts, education, environment, disaster relief, and health and human services.