Your Community Savings Account: Building a Brighter Future

What is a Community Foundation?

Think of a community foundation as a community savings account—but one that benefits everyone, not just one person or family. Here’s how it works:

• Deposits for the Future
  • Just like depositing money into a savings account, donors contribute funds to a community foundation. These contributions are pooled and invested for long-term growth.
• Earnings Grow Over Time
  • The funds generate earnings, much like interest in a savings account. These earnings provide a steady source of income to address ongoing and emerging community needs.
• Supporting the Community
  • Instead of personal withdrawals, the earnings fund local nonprofits, initiatives, and projects that strengthen and enrich the community.
• Always There When Needed
  • A community foundation ensures long-term financial security by using endowed funds—permanent sources of funding where the principal remains intact and only the earnings support charitable purposes. These funds grow over time, providing ongoing support for community initiatives and maintaining a sustainable income for long-term projects.
• Shared Ownership
  • Unlike a personal savings account, this one belongs to the entire community. It’s a collective resource for addressing shared challenges and achieving common goals.

By contributing to your community foundation, you’re helping create a sustainable future for generations to come. Together, we can build a vibrant, thriving community.