What is the Community Foundation?
Community Foundation of North Louisiana brings people and resources together to solve problems and enhance our community. Our mission is to promote philanthropy and improve the quality of life in the North Louisiana community by serving as a permanent and growing resource of expertise and funds.
Established in 1961, the Foundation oversees more than $138 million in assets for the benefit of North Louisiana. In 2018, the Foundation received $6.4 million in donations and paid over $7 million in grants to nonprofit organizations.
Who does the Community Foundation serve?
The Community Foundation serves the residents in a 14-parish area of North Louisiana stretching from Shreveport-Bossier east to Ruston and Monroe and south to Natchitoches. Donors may designate a geographical area of interest, a specific nonprofit, or field of interest to be served when creating a fund.
Who governs the Community Foundation?
Our seven member volunteer board of directors is made up of community members responsible for overseeing the funds, management, and policies of the Community Foundation.
What organizations are supported by the Community Foundation?
Since 1961, the Community Foundation has granted over $80,000,000 to support charitable causes that strengthen our region. Grants are made to a variety of organizations in areas such as education, youth, environment, health and social services. In 2018, the Foundation granted over $7 million to 325 organizations. For a full listing of last year’s grant recipients, please see our annual report.
How is the Community Foundation different from other nonprofits?
Generally, nonprofit organizations raise and spend money for their own operations and programs. Our Foundation differs in that we operate like a savings account for the entire community’s benefit. In addition, our funds are consistently growing in an endowment account which earns interest. Distributions from our more than 200 funds support worthwhile charitable community causes, but the principal of the endowment remains intact to grow for future generations.
How does the Community Foundation differ from a private foundation?
In recent years, the appeal to establish a private or family foundation has been minimized by significant limitations on charitable deductions available for gifts to private foundations. Further restrictions include administrative and reporting burdens, excise taxes, and required minimum annual payouts. Instead, many individuals are turning to community foundations to create a permanent philanthropic fund. A donor advised fund at the Community Foundation allows you and your family to continue directing grants to causes that you care about while we take care of administrative details.
Who are the Community Foundation’s donors?
Our donors are individuals, families, corporations, private foundations, and charitable organizations who wish to make a difference in the lives of others and to make the region a better place. Donors range from people of modest means to those with substantial financial resources. You can learn more about our financials here.