Kern Community Foundation Ranked Among Nation's Most Active Grantmakers
Apr 28, 2014
Kern Community Foundation has ranked 59th among the top 100 most active grantmakers among community foundations nationwide according to a recent report “Benchmarking Beyond Asset Size” by CF Insights and the Council on Foundations. There are approximately 700 community foundations nationwide. In 2013, Kern Community Foundation awarded a record of more than $1.5 million in grants, which equaled approximately eight percent of its total assets. Private foundations, by comparison, are required to distribute a minimum of five percent of their total assets.
“Most of Kern Community Foundations grants come from donor-advised funds, which are set up by local families and businesses as a simple way to organize and carry out their charitable giving,” said Jeff Pickering, President and CEO. “Our donors use the data, information and tools we provide them to make thoughtful contributions to the charitable causes they care about, most of which are located here in Kern County.”
Grants in 2013 ranged in size from one made in January through the Foundation’s online Nonprofit Search for $25.00 to the Kern County Museum, to three grants made on Giving Day in December from the Aera Energy Fund for $100,000 each to Bakersfield Memorial Hospital Foundation, Friends of Mercy Foundation, and San Joaquin Memorial Hospital Foundation. The largest grant in 2013 was made from the Marvin Steinert Family Charitable Fund for $200,000 to the Haggai Institute.
“Last year’s efforts pushed the Foundation’s cumulative grantmaking total to more than $10 million,” said Stephen Boyle, Chair of the Foundation’s Board of Directors. “Kern Community Foundation has become the most knowledgeable philanthropic resource locally, and one of this community’s most prolific grantmakers. We are proud of the trust our donors place in us as a home for their philanthropy.”
Kern Community Foundation is a vibrant nonprofit enterprise with the powerfully simple mission of growing community and growing philanthropy. The Foundation is in business to serve as a charitable resource for local donors and corporations, and to generate capital that provides philanthropic solutions to help make Kern County a better place to live, to work and to visit. Since its establishment in 1999, the Foundation has grown to hold more than 100 charitable funds with assets of more than $18 million, and has awarded more than $10 million to improve Kern County’s quality of life.