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It seems to me that the whole “small/large” dichotomy is broken, or maybe always was. Asset composition is, as Diana mentioned, more important than gross size. I’m seeing community foundations that are superficially quite large, but have so little in discretionary assets that their financial assets can’t support a leadership strategy. The relationship of a foundations’ size to the community it serves AND to the presence of other philanthropies is too often ignored. Moreover, the field’s fixation on asset size is a pretty 20th century way of looking at things. I see amazing work being done in communities (the Colorado Springs area is an example) by community foundations with fairly small asset bases.
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Nov 19, 2015