Columbus Foundation announces record year for philanthropy
September 25, 2012
The Columbus Foundation, one of the largest community foundations in the United States, recently announced that 2011 was a landmark year in terms of philanthropic contributions. During the Celebration of Philanthropy events in Columbus, Ohio, the organization reported it received $249,222,257 in outright gifts during 2011, bolstered by a remarkable gift to a supporting group, the Limited Brands Foundation.
"It has been a dream of mine to build an enduring business success, one that could generate benefits for our shareholders and our communities on a scale like this. It is very satisfying to see that dream come true - for us and for others," said Leslie Wexner, founder and chairman of Limited Brands.
The Columbus Foundation said the gift, which was made by Wexner and Limited Brands may be the largest outright gift made in Ohio's history of a 501(c)(3) charitable organization.
This year, the foundation provided grants to 2,395 nonprofit organizations across the state, totaling $106.2 million. The group supports a wide range of causes, including health, education, social services, civic affairs, conservation, health and arts and humanities.
Organizations that raise record amounts in a year through successful fundraising campaigns can ensure further sustainability by tracking funds through nonprofit financial management