The Community Foundation makes grants to nonprofit programs that make Long Beach a better place to live. Grants are generated in several ways:
- By individuals and families who have established Donor Advised Funds. Fund holders recommend grants to local nonprofits, endowment and social impact funds of their choice. During 2015, these donor-directed grants totaled approximately $1.4 million.
- By public contribution social impact funds which allow the public to participate in Long Beach’s social needs like sending kids to camp. In 2016, $69,500 was provided to the Big Five youth agencies to allow Long Beach youth the opportunity to attend a week-long summer camp.
- By the board of directors who develop strategic areas of focus that will enable nonprofits to leverage their resources and meet the Community Foundation’s criteria of addressing critical, new and emerging needs in our city.
- By the John S. and James L. Knight Foundation for whom LBCF serves as local granting agent. In 2010 Knight announced a new initiative with community foundations to promote and support “informed, engaged communities”. In Long Beach up to $2.5 million has been invested in Knight’s Donor Advised Fund. This fund is managed like an endowment with 5% being awarded in grants to the community each year.