Community foundations are structured to raise and steward funds from a wide range of community donors.
They convene their communities' residents to develop and respond to shared goals and priorities.
Many community foundations accept gifts of other assets, including property, that typically are then sold by the foundation to build its financial resources.
The generational transfer of wealth is a key factor in the expansion of community foundations across the state.
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Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.