What are community foundations?
Community foundations are tax-exempt, grantmaking organizations with the charitable purpose of improving the lives of people in the communities they serve. They receive support from a broad base of community members and the composition of their revenue is varied. These organizations bring together and leverage the financial resources of individuals, families and businesses. They support projects and initiatives led by effective nonprofits and identify solutions for persistent issues. Community foundations are nonprofit, autonomous, nonsectarian philanthropic institutions supported by local citizens with long-term goals of:
- BUILDING permanent, component funds established by many separate donors to carry out charitable interests;
- SUPPORTING broad-based charitable interests and benefitting the residents of a defined geographic area; and
- SERVING in leadership roles on important community issues.
Community foundations play a key role in identifying and solving community problems. In 2011, they gave an estimated $4.3 billion to nonprofits. Their fields of activity included health and human services, the environment, disaster relief, and arts and education.
Can I donate to this new foundation?
Absolutely. The Foundation for Delaware County is the community foundation for our area. It is a nonprofit entity able to accept tax-deductible contributions.
Can I still make a donation to a Crozer-Keystone Health System hospital, hospice or home care program?
Since its acquisition by Prospect Medical Holdings Inc., Crozer-Keystone Health System cannot accept charitable donations. We urge you to consider making a donation to The Foundation for Delaware County. It can accept charitable gifts. And it continues to provide for the health, social and educational needs of the people of Delaware County.
What happened to the money I donated to the Crozer-Chester Foundation or Delco Memorial Foundation in the past?
Your gift might have been spent to ensure that our community had state-of-the-art facilities to meet Delaware County’s healthcare needs. However, if your donation wasn’t already used before the health system’s acquisition by Prospect Medical Holdings, it was transferred to The Foundation for Delaware County to continue meeting the health, education and social needs of residents throughout our area.
Does Crozer-Keystone Health System or Prospect Medical Holdings control this foundation or get any of the donated money?
No. The Foundation for Delaware County is independent of the health system, Prospect or any other organization.
What happened to the events, like the Gala and Girls’ Night Out?
The new foundation has a busy year of events planned in 2018. Our launch event took place on March 1. The Golf Tournament is scheduled for May 21. And the 20th anniversary of Girls’ Night Out is planned for October 8 at the Springfield Country Club.
Sign up for the foundation’s e-newsletter for up-to-date info and news about ways you too can get involved. We are eager to be a resource for you to give back to your Delaware County community.
My will contains a donation to one of the old foundations. Do I need to change my will?
You may. Please contact us and we will be happy to work with you or your adviser to provide information or assistance with planned gifts.