1. COMMUNITY FOUNDATION OF TAMPA BAY | QUICK FACTS
DECEMBER 2007
Community foundations started in Cleveland, Ohio in 1914. Spreading rapidly in the
1920s and 190s, there are more than 700 today in the United States and 17 foreign countries. Community foundations came late to Florida, starting in the 1960s and growing quickly in the 1970s.
The Community Foundation of Tampa Bay is a late entry, starting in 1990. Currently with over $147 million in assets, the Community Foundation of Tampa Bay is one of the fastest growing new foundations in the country.
CFTB RANKING IN ASSETS IN U.S. (2006)
In the top
100 (68th)
NUMBER OF CFs IN FLORIDA
26
CFTB RANKING IN ASSETS IN FLORIDA
Fourth
ASSETS AS OF DECEMBER 31, 2007
$147.8 MILLION
SERVICE AREA
Hillsborough, Pasco, Pinellas,
and Hernando counties
GRANTS MADE IN 2006-2007
$10.2 MILLION
CHARITY
NAVIGATOR
RATING
#1 OF ALL
CFS RATED
GRANT MAKING SINCE INCEPTION
$82.1 million
DIVISIONS
Greater Sun City Center
Pasco County
Greater St. Petersburg
Hernando County
NUMBER OF FUNDS
654
NUMBER OF DONORS
424
NUMBER OF AGENCY ENDOWMENT FUNDS
101
MEDIAN FUND SIZE
$35,000
AVERAGE NUMBER OF FUNDS PER DONOR
1.5
MOST FREQUENT REFERRAL SOURCES
DONORS,
ESTATE PLANNERS,
AND BOARD MEMBERS
EXPENSES AS A PERCENT OF ASSETS
0.73%
2. COUNCIL ON FOUNDATIONS BACKGROUND INFORMATION | SEPTEMBER 2006 For more information, contact Media Relations for the Council on Foundations at 202.466.6512 or media@cof.org.
Community foundations make up one of the fastest growing sectors of philanthropy in the United States today. They build and strengthen communities by making it possible for a wide range of donors to create permanent, named component funds to meet critical needs. Community foundations, through philanthropy that is visionary, diverse and inclusive, have become catalysts for improvement within urban centers and in rural settings.
There are more than 700 community foundations in the United States, 542 of which are members of the Council on Foundations. More than 260 community foundations in the United States recently earned the National Standards Seal from the Council on Foundations for attaining the highest standards for grantmaking integrity and accountability. The National Standards for U.S. Community Foundations were launched by the Council in 2001. The community foundation model has spread throughout the world, including the Caribbean, Australia and New Zealand, Canada and Mexico, Eastern and Western Europe, Russia and the former Soviet Republics and is rapidly expanding across Africa. The 2005 Community Foundation Global Status Report, published by Worldwide Initiatives for Grantmaker Support (WINGS), estimates that there are at least 1,175 community foundations in 46 countries outside the United States, with at least another 154 in development around the world.
Community foundations in the United States hold approximately $44.8 billion in assets and are located throughout the country. In 2005, community foundations gave $3.2 billion to a wide variety of nonprofit activities, including urban affairs, the arts, education, environmental projects, health and disaster relief.
Community foundations offer donors many services and benefits. They routinely work with families, individuals, attorneys and estate and financial planners to design gift plans that fit every economic situation, ensuring that donors receive the most benefit from their charitable contributions and that their philanthropic dollars are used to the fullest extent.
Community foundations received an estimated $5.6-billion in 2005, a 34-percent increase over the previous year's $4.2-billion total. They accept gifts of various sizes and types from private citizens, corporations, government agencies and other foundations. Nearly every type of gift-including real estate, closely held stock and artwork-can be contributed to a community foundation. Gifts are made from bequests and by living donors through various types of funds and deferred giving vehicles.
Community foundations range in size from the largest community foundation, the Tulsa Community Foundation, with assets totaling more than $2.3 billion, to some with assets of $100,000 or less. The funds are invested in diverse portfolios and sound investment management is a major aspect of community foundations' work.
All share the common goal of serving donors, nonprofit organizations and the community as a whole. In addition, one of a community foundation's special functions is to evaluate and help coordinate the needs and services in its communities, so that charitable gifts are used effectively to fulfill a community's most critical needs.
Confirmed in Compliance With National Standards for U.S. Community Foundations Community Foundation of Tampa Bay, Inc. | 550 North Reo Street, Suite 301 | Tampa, FL 33609 | 813.282.1975 | Fax 813.282.3119 Privacy Policy | (C) 2007 Copyright Community Foundation of Tampa Bay. Designed bySulzer Design Group
Confirmed in Compliance With National Standards for U.S. Community Foundations