Frequently Asked Questions about the Springfield Foundation
What is the difference between the Springfield Foundation and the Turner Foundation?
The Turner Foundation is a private family foundation while the Springfield Foundation is a community foundation. Private Foundations are typically created by businesses or a single wealthy individual or family. Community Foundations are created by and for the community it serves. Community Foundations are governed by a board of community members and provide funding for all aspects of the community. A private foundation provides grants in the donor-family's area of interest. Additionally, the tax deductions available to donors of community foundations are greater.
Is the Springfield Foundation a “charity” itself?
Yes. The Springfield Foundation is a charitable organization under the tax code and relies on public support of its operating costs. However, our primary role is to encourage and administer philanthropy to benefit effective programming and projects throughout the community. People give through the Springfield Foundation to the community.
What is the difference between charity and philanthropy?
Charity is money given to meet an immediate need-food for hungry people, shelter for the homeless. Philanthropy also provides charitable funds but is more strategic, aiming for long-term improvements. It requires not just money but human resources, innovative thinking and effective follow-up.
How is the Springfield Foundation operated?
Twenty-four (24) volunteer board members donate their time and talents to serve as foundation ambassadors and oversee the administration of assets and investments. Several other community volunteers serve on various foundation committees. Paid staff members manage the day-to-day operation.
What is the Springfield Foundation?
The Springfield Foundation helps people of all means improve their community now and in the future. As the Community's Foundation, we help donors provide grantmaking dollars for non profit organizations that serve Clark County, Ohio citizens.