Community Foundation for Greater Atlanta
The Community Foundation for Greater Atlanta is regarded as one of the premier philanthropic organizations in Atlanta and in the Southeast, as well as one of the most innovative and fastest-growing community foundations in the country. By 2005 the foundation had reached assets of $560 million, and in that fiscal year gave nearly $50 million to charitable organizations throughout the metropolitan Atlanta area in the areas of arts and culture, education, community development, human services, youth development, and health. The Community Foundation facilitates more planned gifts than any other locally based nonprofit organization in the Southeast.
The Community Foundation is comprehensive in its approach to strengthening the greater Atlanta community. In addition to its primary role of engaged grantmaker, the foundation is also a builder and caretaker of resources by investing and carefully managing the charitable dollars entrusted to its care. Funds that have been established with the Community Foundation were done so specifically to benefit the region today and in the unforeseeable future.
The idea behind a community foundation is simple: no one knows what the needs of the community will be in 20, 50, or 100 years, yet what is known is that tomorrow's local leaders will inevitably face a world of new challenges. If the next generations are to solve local problems, they will need local resources to do so. Such thinking led a group of Atlanta leaders to form the Community Foundation for Greater Atlanta.
The Community Foundation was created in 1951 as the Metropolitan Foundation of Atlanta by four banks, known then as Citizens and Southern National Bank (C&S), First National Bank of Atlanta, Fulton National Bank, and Trust Company of Georgia. The leaders of these institutions recognized the community value in supporting social causes with a collective strength.
In 2006 the foundation established ATLCF Collections LLC, which coordinated a citywide fund-raising effort to acquire a collection of Martin Luther King Jr.'s papers. The papers were purchased for $32 million from Sotheby's auction house and deeded to Morehouse College.
The foundation's success has been the result of collaborative efforts, from the dedicated work of visionary chief executive officers, to strong boards and staff, to the advent and popularity of donor-advised funds and the generous individuals and families whose names are attached to them, to careful investing and a cultivated relationship with Atlanta's professional advisory community—financial planners, estate-planning attorneys, and accounting professionals.
Media Gallery: Community Foundation for Greater Atlanta