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Community Foundation For Greater Buffalo Inc

Community Foundation For Greater Buffalo Inc

Buffalo, NY 14210
Tax ID22-2743917

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About this organization

Revenue

$36,690,988

Expenses

$28,972,154

Website

cfgb.org

Mission

Mission: Connecting people, ideas and resources to improve lives in Western New York. Our vision is a vibrant and inclusive Greater Buffalo region with opportunity for all.

About

BOARD DIRECTED GRANTS & SCHOLARSHIPS: THE BOARD OF THE COMMUNITY FOUNDATION DIRECTS THE USE OF CERTAIN FUNDS (AS REQUESTED BY THE CLIENT/DONOR) AS FOLLOWS:(1) CHANGING NEEDS: CLIENTS/DONORS REQUEST THAT THEIR FUNDS BE DIRECTED BY THE BOARD TO ADDRESS THE CHANGING NEEDS OF OUR COMMUNITY OVER TIME. GRANTS FROM THESE FUNDS ARE AWARDED TO ADDRESS ONE OR MORE OF THE FOLLOWING FOUR IMPACT AREAS: (1) IMPROVE EDUCATIONAL ACHIEVEMENT AND WORKFORCE READINESS FOR STUDENTS LIVING IN LOW-INCOME HOUSEHOLDS, (2) INCREASE RACIAL AND ETHNIC EQUITY, (3) PRESERVE AND RESTORE SIGNIFICANT NATURAL RESOURCES AND PROMOTE EQUITABLE ACCESS, AND (4) STRENGTHEN THE REGION AS A CENTER FOR ARCHITECTURE, ARTS AND CULTURE. IN 2018 THE COMMUNITY FOUNDATION GRANTED APPROXIMATELY $757,000 FROM CHANGING NEEDS FUNDS IN SUPPORT OF THESE FOUR COMMUNITY GOALS (EXCLUDING GRANTS REPORTED ELSEWHERE IN PART III.)(2) FIELD OF INTEREST: CLIENTS/DONORS REQUEST THAT THEIR FUNDS BE DIRECTED TO A SPECIFIC AREA OF INTEREST. THE GRANTEES RECEIVING THESE FUNDS ARE DETERMINED BY THE BOARD OF THE COMMUNITY FOUNDATION. DURING 2018, THE COMMUNITY FOUNDATION AWARDED APPROXIMATELY $697,000 FROM FIELD OF INTEREST FUNDS.(3) SCHOLARSHIPS: CLIENTS/DONORS HAVE ESTABLISHED SCHOLARSHIP FUNDS, WHICH THE FOUNDATION AWARDS TO RESIDENTS OF WESTERN NEW YORK. THESE AWARDS ARE BASED PRIMARILY ON FINANCIAL NEED, ALTHOUGH THE CLIENT/DONOR MAY HAVE MADE ADDITIONAL STIPULATIONS SUCH AS FIELD OF STUDY OR GRADUATES OF A PARTICULAR HIGH SCHOOL. IN 2018, APPROXIMATELY $2,331,000 WAS AWARDED FOR SCHOLARSHIPS, EXCLUDING THOSE AWARDED BY SAY YES BUFFALO.

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “The mission of the foundation is connecting people, ideas and resources to improve lives in western new york. the foundation is a public charity dedicated to helping clients/donors make the most of their generosity. the foundation manages endowment funds for individuals, families and organizations and is currently home to over 900 named funds. clients/donors choose to work with the foundation because of the flexibility it provides them when directing their gifts, its sound management of charitable assets and its deep knowledge of community needs and grantmaking. the foundation also acts as a community leader and convener to address specific needs in our region. these efforts have resulted in significant improvements in educational achievement, increasing racial/ethnic equity, improving our natural environment, catalyzing urban revitalization and strengthening the cultural organizations that anchor our community.”.

When outlining its functions, they were explained as: “Our vision is a vibrant and inclusive greater buffalo region with opportunity for all.”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as NY.
  • The filing records the non-profit's address for 2020 as 726 EXCHANGE STREET NO 525, BUFFALO, NY, 14210.
  • As of 2020, the non-profit's form reports a total of 41 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $7,718,834.
  • The organization has 21 independent voting members.
  • The organization was formed in 1919.
  • The organization pays $3,463,835 in salary, compensation, and benefits to its employees.
  • The organization pays $664,289 in fundraising expenses.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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