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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First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.