Calgary foundation splits with community foundation network over position on endowments

Calgary Foundation said in a June letter that their board tried to resolve the organization’s differences through conversation, but that an “absence of any change” on the part of Community Foundations of Canada led them to believe they had to part ways.

Why It Matters

Calgary’s departure from CFC sends a strong signal to the network’s other 190-odd community foundations: if you don’t like CFC’s position on endowments, you’re not alone. The move could lead to further division on the question of foundation endowments broadly, stymying attempts to encourage philanthropic organizations to increase annual disbursements to the community.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Calgary foundation splits with community foundation network over position on endowments. Disclosure: Community Foundations of Canada is one of three funders of Future of Good\u2019s fellowship on transforming funding models. However, Gabe Oatley has reported and written this story outside the scope of the fellowship, as a reporter for Future of Good. Future of Good maintains full editorial autonomy and control. For more information, please see our editorial ethics and standards .\u00a0 In late June, Calgary Foundation\u2019s board of directors voted to immediately withdraw from Community Foundations of Canada (CFC), the membership organization that represents Canada\u2019s 190-odd community foundations.\u00a0\u00a0 It was a rare move. Communiinty foundat

Future of Good journalism and events produce insightful analysis and knowledge you need to work and grow.

Read this article with a free account or explore membership options for unlimited access.