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community foundations - In the U.S., 501(c)(3) organizations that make grants for charitable purposes in a specific community or region. The funds available to a community foundation are usually derived from many donors and held in an endowment that is independently administered; income earned by the endowment is then used to make grants. Although a community foundation may be classified by the IRS as a private foundation, most are classified as public charities and are thus eligible for maximum tax-deductible contributions from the general public.
Write Winning Proposals includes the concept of "community foundations" in its proposal-writing strategies. The definition of "community foundations" as well as other definitions related to proposal-writing are among the many Write Winning Proposals resources.
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