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May 20, 2009
Study describes growth of community foundations in Mexico
A newly released study offers an in-depth look at the community foundation field in Mexico, describing the emerging field and offering recommendations to help its further growth.
The study of 21 community foundations reports that, according to 2007 financial information, these organizations have raised more than $30.8 million (U.S. dollars) in assets, principally from local, private sources. That figure places Mexico at the forefront of Latin America’s grassroots philanthropy.
This achievement is especially noteworthy because many of the foundations are still emerging and have small staffs. Nevertheless, the foundations are strengthening the civic fabric of Mexico, according to the study, and playing a pivotal role in growing a philanthropic culture.
The research was conducted by a U.S.-Mexico team: Teamworks, based in San Francisco, and Alternativas y Capacidades, based in Mexico City. The objective of the research was to establish a current overview of Mexican community foundations, describing their main characteristics and the support system for their development.
The study — funded by the Mott, Ford, and Inter-American foundations, and the Global Fund for Community Foundations — also offers recommendations for growing the field further.
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