Community foundations in Canada growing

In the 15 years since Community Foundations of Canada was founded, the number of Canadian community foundations has exploded and now serve virtually the entire country.

When the association was established in 1992, it had 28 members with assets totaling about $500 million.

Today, its membership tops 150 foundations, which combined have assets of more than $2.7 billion and awarded $137 million in grants in 2006 alone.

The country’s community foundations serve urban and rural areas in all Canadian provinces and one territory, the group says, reaching almost nine in 10 people living in the country.

While community foundations are established primarily to serve local communities, the group says the nation’s funders increasingly are extending their roots to have an impact both nationally and internationally.

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