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2011 WAS A RECORD YEAR FOR THE COMMUNITY FOUNDATION

Press Release
For Immediate Release : February 17, 2012

Contact: Sharilyn Hunke, Communications Officer
This email address is being protected from spambots. You need JavaScript enabled to view it. | 951-241-7777
word count: 422

The Community Foundation serving the counties of Riverside and San Bernardino celebrates their largest grant making year and their best fundraising year in the 70 year history of the Foundation.

The Community Foundation distributed $5.2 million in grants to nonprofits and scholarships to students. Between the many Field of Interest Funds, Donor Advised Funds, and The Community Impact Fund, The Foundation funded over $4.2 million for projects in four main categories: Arts & Culture, Civic & Public Benefit, Health & Human Services and Youth & Family.

In addition, nearly $1 million was distributed to colleges and universities to assist our region's most talented and sometimes financially disadvantaged youth. All accredited two and four year colleges and universities in the Foundation's two-county service area are given funds to distribute through a competitive scholarship process. In 2011, approximately 735 students benefited from a scholarship from a fund at The Community Foundation, making the Foundation one of the largest college scholarship funders in the two-county region.

The increased giving was a deliberate move by the Foundation's Board of Directors. "We saw the tremendous need in our community and decided to nearly double the amounts granted from the Community Impact Fund, which is a discretionary fund that gives grants to nonprofits and funds scholarships," explains Grover Trask, the Foundation's Board Chair. "We were able to accomplish the increased grantmaking due to the positive growth the Foundation has seen over the past few years." Since 2009, assets at The Community Foundation have grown from a low of $41 million to a historic high of $61 million in the summer of 2011.

Gifts to the Foundation are growing as well. The S.L. Gimbel Foundation made an end-of-year gift to The Community Foundation of nearly $4 million, almost doubling the gift it made the year prior. With the two gifts combined, the S.L. Gimbel Foundation is the largest single fund in the history of the Foundation. This major gift, plus all other contributions and earned grants, make this the best fundraising year at the Foundation at $9.1 million. In the last three years, the Foundation has raised $18 million, a significant number during this period of recession.

"2011 was a year of many successes for The Community Foundation," says Daniel Foster, President/CEO at The Community Foundation. "At a time of great economic difficulty, to be able to boast record-breaking numbers like these reaffirms what I already knew. We have a dedicated, hard-working professional staff and board and our region has many generous donors who care deeply about their community."

About The Community Foundation
The Community Foundation is a nonprofit, public benefit corporation created by and for the residents of Riverside and San Bernardino Counties. The Community Foundation connects donors with the causes they care about. Established in 1941, The Community Foundation has $58 million in assets and provides college scholarships and grants to nonprofit organizations across the two-county area. It also serves as a regional convener to address issues regarding their Community Initiatives, which include Arts & Culture, Capacity Building, Environmental, Youth Philanthropy, and Education. To learn more about applying for a grant or making a donation to The Community Foundation, please call 951-241-7777 or visit www.thecommunityfoundation.net.