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 more than 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.
