In this paper, Kevin Murphy, President and CEO of the Berks County Community Foundation and the Council on Foundations’ first Foundation Leader in Residence, explores disruptions to the community foundation business model, the rationale of asset growth, and how changes in the local financial services field may force some fundamental changes on community foundations. Writing from his perspective, Kevin demonstrates that a new narrative is possible about growth and raises important questions regarding the business practices of community foundations.
Council analysis of IRS definition for charitable purpose of donor advised funds.
This webinar explored a survey the Council on Foundations commissioned from the Urban Institute’s Center on Nonprofits and Philanthropy about donor advised funds to community foundations. The survey questions inform the Council, their membership, and the Community Foundation National Standards Board provide a full picture of donor advised funds and their importance to communities nationwide.
At a time when donor advised funds are growing in popularity and awarding many grants that support community programs, this research is designed to understand current practices, identify the extent of exemplary practices, and inform the community foundation field on their collective individual and collective use of this giving tool.
This webinar, the last in a three-part series on impact investing, shares program designs and lessons from The Greater Cincinnati Foundation and others that have established donor-advised funds and leveraged endowment assets.