In the simplest terms, community foundations are charitable organizations dedicated to improving communities in specific geographical areas. Foundations do this by pooling the charitable gifts of donors to create endowment funds and using the investment income to make grants. Calgary Foundation is a member of Community Foundations of Canada, the national membership organization for the 191 community foundations across Canada.
More than 90% of Canadian communities have access to a community foundation — from our largest cities to our smallest towns. Collectively we hold combined assets of more than $5.2 billion and we’ve put hundreds of millions back into communities over a 97-year history.