In 2013 the community foundation field experienced strong asset growth driven by a financial market that ended the year posting all-time highs and the biggest percentage gain since 1997. Gifts and grants were also up and the community foundation field has moved well past the new heights of 2012.
Growth is cause to celebrate, but so is the increasing adaptability of community foundations' business models as they stretch to dedicate more of their capacity to leadership roles. In CF Insights' 2013 publication Align, Adapt, Aspire, we examined the importance of taking a disciplined approach to business model sustainability while also finding ways to flex into new roles for greater impact and visibility. Asset and grantmaking growth generally lead to greater opportunities to support a foundation's community. But in order to have the business model flexibility to promote new philanthropy, support increased leadership capacity, and address critical community priorities, it is important to focus on growth that is aligned with your strategy, business model and values.