May 16, 2002
Community Foundations Facing Crossroads
Community foundations are facing a profound identity crisis because of the recent emergence and rapid proliferation of commercial gift funds.
Historically, community foundations have seen their role as raising permanent, unrestricted endowments to meet community needs within a specified geography. The phenomenal asset growth of commercial gift funds, however, has led community foundations to question their role in the charitable landscape.
Commercial gift funds and community
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