Oregon Community Foundation receives $150 million gift
May 11, 2012
The Oregon Community Foundation recently announced it received a $150 million gift - one of the largest made to any community foundation in the U.S. - from the Fred W. Fields estate. With the funding, the organization will support arts and education initiatives through the Fred. W. Fields Fund of The Oregon Community Foundation.
Last year, the OCF distributed nearly $86 million in grants and scholarships out of its $1.1 billion in assets as part of its efforts to support community causes. In particular, the organization works to provide area businesses, families and individuals with funding. The foundation was established in 1973 by William Swindells Sr., a Portland philanthropist.
"OCF is honored to be the steward of a gift that will annually provide millions of dollars in support for essential education and arts programs in communities across the state," said Max Williams, president and CEO of the foundation. "It is really a gift to Oregon and will continue the generous spirit of giving personified by Fred and Sue Fields."
Recipients of funds through this endowment might be able to make the most of the contributions with grant management software
, which can help them track and account for fundraising dollars.