Gulf Coast Community Foundation Awards Nearly $10 Million in Donor Grants

The Giving Coast

SRQ DAILY WEDNESDAY PHILANTHROPY EDITION WEDNESDAY NOV 6, 2019

Gulf Coast Community Foundation’s Board of Directors last month approved over $10.5 million in grants and initiatives, including $9.7 million in grants recommended by donors to the foundation. The donor grants consisted of $7 million awarded from donor advised funds at the foundation; $1.5 million issued from designated funds, which are created to benefit a charity or charities specified by the donor; and $1.1 million from project funds, which the foundation administers in support of community projects or partnerships that meet its mission but do not have their own public-charity designation. “Considering the wide range of individual donors and strong organizations that look to Gulf Coast to help administer their philanthropy, it amazes me to see how far this foundation has come in just 25 years,” said Gulf Coast President and CEO Mark Pritchett, referring to the foundation’s 25th year in operation. “These grants demonstrate both the value of community foundations as a field and the special role of Gulf Coast Community Foundation in this region.” Together with its donors, Gulf Coast has awarded more than $340 million in grants since the foundation was created in late 1995. Learn more at GulfCoastCF.org.

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