The Community Foundation of Greater Birmingham has been around since 1959, using gifts and bequests from many different people to drive positive change in the community around Birmingham, Alabama. The community leaders who created this Community Foundation as part of a movement to create an endowment for the future, making ours the oldest and largest community foundation in the state.
Today, according to the Council on Foundations, more than 700 community foundations operate in urban and rural areas across the United States. Overall, 1,680 community foundations exist in 51 countries worldwide, providing a growing opportunity for generous individuals, families and businesses to join together for the common good. U.S. community foundations hold approximately $49.5 billion in assets and received a total of $4.8 billion in gifts in 2009.
As this field has grown, community foundations have joined forces to self-regulate, adopting national standards for operations so that people everywhere will know the level of service and stewardship to expect. The Community Foundation of Greater Birmingham was one of the first to earn this seal.
Together, community foundations, donors and nonprofit organizations address community issues, build on opportunities and, most important, achieve results you can measure. In 2010, the Community Foundation of Greater Birmingham made grants totaling $17.1 million. As a field, community foundations gave an estimated $4 billion in that same year.
If you already are connected to this Community Foundation, we thank you for the generosity that has helped us gather and grow to $153 million in assets at the close of 2010, putting the endowment for the Birmingham region in the top 100 for market value of assets among U.S. community foundations.
During this official Community Foundation Week, which ends Nov. 18, we are proud to be part of such a flexible and still growing field. To find out more about how you can be part of YOUR Community Foundation, contact Erin Stephenson or explore our website.
11:30 a.m. – 2 p.m. Experience the culmination of the week’s work, with live music, and closing comments from those involved in this very special project.