The Community Foundation (HB) is a forerunner in this country.
More than 600 community foundations in the United States now have at least $70-billion in permanent endowment assets. There are 120 foundations in Canada.
In the United Kingdom there are more than 95 foundations monitoring $350-million in endowments. In Australia there are 30 foundations.
Community foundations are one of the fastest growing forms of philanthropy worldwide.