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THE COMMUNITY FOUNDATION RECEIVES HALF MILLION DOLLAR GRANT FOR ITS REGIONAL LEADERSHIP INITIATIVES FROM THE IRVINE FOUNDATION


Press Release
For Immediate Release March 19, 2012
Contact: Sharilyn Hunke, Communications Officer
This email address is being protected from spambots. You need JavaScript enabled to view it. | 951-241-7777


The Community Foundation Serving the Counties of Riverside and San Bernardino (TCF) is proud to announce a $500,000 grant from the James Irvine Foundation, payable over a 3 year grant period. The annual disbursement of approximately $166,500 will be used to support and accelerate The Community Foundation's current growth and regional leadership initiatives and efforts.

The $500K Irvine Foundation grant represents the largest grant received in the history of TCF. "Irvine understands the importance of our region and our foundation's growing role as a critical convener and collaboration builder to address some of the region's most pressing issues, needs, and opportunities," stated Daniel Foster, President/CEO of The Community Foundation. "This investment in our foundation will enable us to strengthen our commitment to improving the quality of life for the 4.2 million residents of our two-county region."

The purpose of the multi-year grant is to increase the philanthropic and organizational capacity and growth of The Community Foundation. In the past two plus years, TCF has experienced tremendous growth, seeing its staff increase from 8 to 12 employees and generating overall asset growth from $40 to $60 million. This growth reflects a greatly expanded sense of mission and operating model which has produced numerous new regional leadership initiatives and projects.

Monies granted will be used for further developing TCF's plan for growth, including asset growth; programs to increase operating revenue such as donor giving circles; increased staffing to keep pace with growth; and leadership initiatives that improve quality of life, such as art and culture and education.

Last year, the Foundation applied for multiple grants from foundations outside our region for programs that support quality of life issues in Riverside and San Bernardino Counties. "We were successfully able to secure 20 out of the 23 grants we applied for which generated $2.2 million for our region. It's an impressive number in these tough economic times," says Jose Marquez, Director of Grants & Resource Development at TCF.

Historically, Inland nonprofits have lagged far behind most parts of the state in grants funding, according to a 2009 report by the James Irvine Foundation. Educating outside funders about our region's needs will help, said Foster. However, area nonprofits and agencies need to understand that collaboration is the way to compete for dollars...not competing against your colleagues in your own field or service area. "That's what the big funders are looking for," said Foster.

Grover Trask, current Chair of The Community Foundation's 22-member Board of Directors believes this large Irvine Foundation grant is a direct reflection of the outstanding work the foundation has been doing in recent years. "The Community Foundation has worked hard to bring like-minded public and private organizations together in an effort to address and help solve regional quality of life issues through philanthropic and grant related resources," said Trask.

The Community Foundation – accredited by the Council on Foundations – is a nonprofit, public charity defined to "enhance the quality of life in the communities of Riverside and San Bernardino Counties." This is accomplished through building permanent endowments, making prudent grants, acting as a catalyst to address important regional issues, and strengthening the nonprofit sector.
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About The Community Foundation
The Community Foundation is a nonprofit, public charity 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 over $60 million in assets and provides college scholarships and grants to nonprofit organizations across the two-county area and serves as a regional convener to address issues regarding their Community Initiatives, which include Arts and 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.