California Community Foundation announces increase in giving
December 03, 2012
The California Community Foundation
(CCF) recently announced
it awarded $133 million in total to area nonprofits during the 2011 to 2012 fiscal year. This marks a 10 percent increase over grants awarded during the previous fiscal year and indicates the organization is moving toward its missions, which include advancing the quality of life in the Los Angeles region and improving donor engagement.
"Assets entrusted to us by generations of donors provide us with the resources and flexibility to make long-term investments in priority areas of the foundation, fund new initiatives with community and foundation partners and provide one-time grants or low-interest loans in response to critical needs or unusual opportunities," said CCF president and CEO, Antonia Hernandez.
The foundation is dedicated to dispersing nearly all of the contributions it receives from donors. These funds benefit nonprofits and needy causes across a range of focuses, including healthcare, arts, education, affordable housing and environmental work.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting
software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.