Community Foundations with Affiliate Funds, 1996
Community foundations, one of the fastest growing forms of philanthropy, often forge partnerships with semiautonomous "affiliates." These entities can be incorporated or unincorporated charities that work in a specific geographic area, using the community foundation's financial management and legal expertise, and other centralized services. Affiliates serve two fundamental purposes: conducting local grantmaking and developing local assets. A soon to be released Council on Foundations survey of community foundations measures the number of foundations that manage affiliate funds for the first time. The results: Every asset group but one manages at least one such fund; overall, one of every four respondents are involved with at least one affiliate fund.
SOURCE: Council on Foundations, Community Foundations in the United States: 1996 Status Report, to be released in the summer of 1998. For more information, call 202/467-0438.