Calgary foundation splits with community foundation network over position on endowments
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.
Disclosure: Community Foundations of Canada is one of three funders of Future of Good’s 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.
In late June, Calgary Foundation’s board of directors voted to immediately withdraw from Community Foundations of Canada (CFC), the membership organization that represents Canada’s 190-odd community foundations.
It was a rare move. Communiinty foundations occasionally leave the organization’s network because of a closure or a merger, but very rarely over philosophical differences.
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