Hear how two community foundations – one in South Africa and the other in the United States –are using community (affiliated) funds to build grassroots philanthropy as a development tool and to stay local.
The last two decades have seen a dramatic growth in the number of community foundation around the world, particularly in low and middle-income countries. A key feature of many community foundations is that of an endowment fund, which can provide both a buffer to communities in the case of sudden shocks, and a long-term resource which allows communities to plan for their futures. However, building an endowment is not an easy process: in low-trust environments it can be hard to convince people to give in perpetuity to a general “pot” of funds. And when you are trying to demonstrate the importance of local assets and local action in building vibrant and connected communities, it becomes very important to engage people where they are.
In recent years, local level funds have become an increasingly attractive and effective strategy for bringing community philanthropy “to the people” and for engaging communities in local level decision-making and asset development. In the United States, such funds are often called affiliate funds. The Nebraska Community Foundation uses the affiliated funds model as a way of building grassroots philanthropy as a tool for economic development. Elsewhere, the Kenya Community Development Foundation has supported the creation of a number of “community funds” for over a decade, in Russia, very local level “rural funds” have become a key feature of rural community foundations and the Haiti Community Foundation Initiative is also exploring the idea. And in South Africa, the West Coast Community Foundation has just launched its very first community fund.
Date / time
Monday 19th October at 3:30pm (British Summer Time, corresponding to 4:30pm in South Africa and 9:30am in Nebraska).
Johanna Hendriks, CEO, West Coast Community Foundation (South Africa)
Jeff Yost, President and CEO, Nebraska Community Foundation (US)
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