Denver, CO (Vocus/PRWEB) February 18, 2011
The Denver Foundation, Colorado’s oldest and largest community foundation, received $51 million in gifts and made $38 million in grants in 2010. The Foundation held $573 million in assets at the end of 2010, the most in its 85-year history. Through its Community Grants Program, the Foundation supports Metro Denver nonprofits that work in the areas of human services, arts, culture, education, and health. However, a majority of the Foundation’s grants are made through nearly 900 donor-advised and other funds to nonprofits in Metro Denver and throughout the United States. Through these funds, Denver Foundation donors support thousands of nonprofits, including numerous Metro Denver religious organizations and the overseas efforts of U.S.-based charities.
To make it easier for people to start these funds in the challenging economy, The Denver Foundation lowered the minimum required to start a donor-advised fund from $25,000 to $10,000.
“Often people think that being a philanthropist is only for the very wealthy,” says David Miller, President of the Foundation. “We lowered the minimum to underscore the fact that anyone can be a philanthropist. We also wished to encourage more people to give, understanding that when economic times are tough, as they have been, the needs are greater.”
The Denver Foundation opened 65 new funds in 2010. Eleven of those were at the new $10,000 level.
About The Denver Foundation:
The Denver Foundation is a community foundation that inspires people and mobilizes resources to improve life in Metro Denver. The Denver Foundation has three roles: stewarding an endowment to meet current and future needs for Metro Denver, working with community leaders to address the core challenges that face the community, and managing almost 900 charitable funds on behalf of individuals, families, and businesses. For more information visit http://www.denverfoundation.org.
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