Delaware Community Foundation Explained

Delaware Community Foundation
Location:United States

The Delaware Community Foundation (DCF), one of more than 750 community foundations in the United States, is a nonprofit organization that establishes and manages charitable funds for individuals and organizations primarily from the state of Delaware and surrounding areas.[1] Fundholders include individuals, families, businesses and organizations.[2] The DCF awards annual grants of approximately $15 million and manages over $280 million in assets.[3] The organization's 25th anniversary celebration in 2011 was attended by Vice President Joe Biden,[4] who served as one of Delaware's U.S. Senators for 36 years.[5]

Background

The DCF, which is led by CEO Stuart Comstock-Gay, distributes an average of $15 million per year in scholarships and grants to nonprofit organizations serving people in Delaware. The DCF also encourages more people to become involved in charitable giving, primarily through four programs:

Notes and References

  1. Web site: Chalmers . Mike . Nonprofits bracing for less from rich donors . The News Journal . January 3, 2013 . August 12, 2013 .
  2. Web site: On the Boards . The Inquirer . August 20, 2012 . 2013-08-13 .
  3. Web site: 2017-06-12. Investments Delaware Community Foundation. 2020-09-23. www.delcf.org. en-US.
  4. Web site: untitled .
  5. Web site: Vice President Joe Biden, Official White House website . 2013-08-19.