With over $60 million in assets, the Long Beach Community Foundation (LBCF) is a nonprofit, public charity dedicated to initiating positive change in Long Beach through charitable giving, stewardship, and strategic grantmaking. It is a tax-exempt charitable organization comprised of charitable giving funds established by individuals, organizations, and businesses. These funds are invested and managed as part of a $5 billion pool of assets. Funds are then distributed in the form of grants to nonprofits in Long Beach and throughout the United States. LBCF assists donors in achieving their philanthropic goals today and as part of their legacy.
Who uses the Long Beach Community Foundation?
- Caring Individuals & Families: LBCF partners with individuals and families to create and meet their philanthropic goals.
- Companies & Family Foundations: LBCF makes strategic grants on their behalf.
Nonprofit Organizations: LBCF establishes endowment funds for nonprofits to ensure future funding and/or to aid with new programs.
- Professional Advisors: LBCF assists with planned giving and provides established and innovative charitable giving programs to professional advisor clients.