The Community Foundation of Greater Memphis is a nonprofit that helps people invest in the organizations and causes they care about most. The Foundation manages about 1,000 charitable funds, with assets of approximately $473 million. These funds are established by individuals, families, and organizations. We also administer GiVE 365 and the Community Partnership Fund, our discretionary grant making arm. Together with our donors, we fulfill our mission to strengthen our community through philanthropy.
Established in 1969, the Community Foundation of Greater Memphis is one of about 750 community foundations in the United States. We serve West Tennessee, eastern Arkansas, and northern Mississippi, offering a variety of ways to make an impact in our community though charitable giving.
Since the Community Foundation began, we have made grants of $1.5 billion. Last year alone, we granted $178.5 million to 1,882 nonprofit organizations. Most of these grants are advised - or directed - by the people and organizations who established funds. Their gifts benefit many areas of community life, including education, health and human services, the arts, and religious organizations.
What is a community foundation?
A community foundation is a collection of charitable funds established by individuals, families, and organizations. Through a community foundation, donors are able to maximize charitable gifts during their lifetimes and to provide perpetual gifts through endowments. The funds established by donors provide grants for thousands of diverse charitable organizations.
In legal terms, a community foundation is a tax-exempt, 501(c)(3) publicly supported foundation governed by its own board of directors and created to serve a specific geographical area. The first community foundation was created in Cleveland, Ohio, in 1914. Today, there are approximately 750 community foundations in the United States with assets of more than $48 billion.
A community foundation typically serves its community in three ways. It:
- raises funds for charitable purposes,
- makes grants to nonprofit organizations, and
- acts as a catalyst to improve the quality of life in its community.
Click here to visit the Community Foundation's website.