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Quick Facts
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DEFINITION
A
community foundation is a tax-exempt public charity created by and
for the people in a local area. It enables people with philanthropic
interests to easily and effectively support the issues they care
about — immediately or through their will. Donors can establish a charitable fund at the foundation by contributing a variety of
assets and may also recommend grants — in their name or anonymously
— to
nonprofit groups they want to support. The Delaware Community
Foundation is the only community foundation in Delaware serving the
entire state.
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OVERVIEW
Established in 1986, the Delaware Community Foundation's mission is
to inspire and help people of all backgrounds and means create
lasting legacies.
With
almost 1,000 funds, nearly $200 million in assets and annual grants
of about $15 million, the Foundation provides a lasting source of
charitable funding that benefits Delawareans today and for many
generations to come.
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ROLES
The Delaware Community Foundation carries out two primary roles in
the community. We manage and administer hundreds of charitable
funds according to the wishes of our donors or to meet specific
community needs. We invest the funds received from donors and
awards grants to humanitarian, educational and cultural
organizations throughout the state. We also help assess and address
community needs, often in conjunction with other
organizations, businesses and governmental agencies.
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HISTORY
The
Delaware Community Foundation was established when
community leaders realized the need for a permanent source of
funding to provide for Delaware's current and future needs. Pierre
S. duPont III and United Way of Delaware were among the individuals
and organizations that helped launch the DCF.
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