In addition to establishing a fund at a community foundation (see Give to or Through a Community Foundation), groups of donors may want to consider creating a new community foundation or other type of public foundation.
Community foundations can be established by a group of citizens interested in serving a particular geographic community or region, or by a group of individuals interested in supporting a specific interest or cause. Once established, community foundations can help existing nonprofits to build endowments, hold funds designated by donors for specific agencies, and make grants to charitable organizations. Community foundations also have a mission to establish and increase flexible permanent funds that can be used at the discretion of the foundation board to meet the needs of the community it serves.
Community foundations require a great deal of work and technical expertise to start and maintain. As a starting point, see Donor Links.
The Minnesota Council on Foundations is available for one-on-one consultations. Contact the Council for more information.