Client Spotlight - The Community Foundation

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This month, Harrington Group has the honor of helping you to get to know The Community Foundation—Serving Riverside and San Bernardino Counties in California, the feature of this month’s Client Spotlight.

Charles Brouse was a man who in addition to being a banker, was also a civic leader who saw an opportunity to repay all the favors and goodwill he was shown in the years leading to his success. He saw the needs within his community, particularly those of students in need of financial assistance, and he seized the opportunity to do some good.

Brouse established the Foundation in 1941. His main focus at the time was to help students attending Riverside Community College by providing scholarships. As the needs in the community changed and grew, so did the Foundation. In 2000, the Foundation expanded its community reach by serving both Riverside and San Bernardino Counties.

In 2014, The Community Foundation awarded grants and scholarships totaling over $7 million. $2.8 million of that was in scholarships to every two- and four-year accredited university and college in both Riverside and San Bernardino Counties, in addition to schools and universities across the country. Close to 300 component funds equate the nearly $86 million in assets that The Community Foundation manages.

The Community Foundation’s work is simplified into the five “G’s”: Get gifts. Grow funds. Give grants. Gather people. Guide philanthropy.  Get:  If someone wants to be philanthropic, they can make a donation, donate to an existing fund, or arrange for a gift to be given at a later time. Grow:  Once the gifts and donations are received, they are invested in order to capitalize on their potential growth, maximizing their reach and effectiveness, and extending the life of the gift from the present to include the future as well. Give: The Community Foundation gives grants to 501(c) 3 nonprofit organizations and provides scholarships to deserving students. Gather: As a practice, they gather community leaders and nonprofits in an attempt to create an environment where all may come together and assess the needs of the community. Guide: The Foundation strengthens philanthropy through projects such as Give BIG, an online giving day, and encourages involvement in nonprofit participation and encourages youth philanthropy.

The Community Foundation is one of those organizations whose reach is so broad and their structure is such that the overall impact that they can make is infinite and forever. What this means for the communities surrounding them is an assurance that if there are needs that the people have, The Community Foundation and their generous donors will do its best to address those issues.  The Community Foundation is “Here for Good.”

Harrington Group is so proud to be able to list The Community Foundation among our esteemed clients.  We are grateful to offer our assistance, so that in turn, The Community Foundation can offer theirs.