On January 2, 1914, the world’s first community foundation was born.
Frederick Goff, an influential businessman and former mayor of Cleveland, convinced the Cleveland Trust to adopt a Resolution and Declaration of Trust, which established the Cleveland Community Foundation. Goff’s “vision was to pool the charitable resources of Cleveland’s philanthropists, living and dead, into a single, great, and permanent endowment for the betterment of the city.”
Today, more than 700 community foundations span the U.S., holding over $48 billion assets and granting $4.5 billion across the nation. More than 1,700 community foundation exist world wide, engaging in place based philanthropy to support the causes that matter.