These are owned by a person, a family, or a corporation, who generate the revenue. They are designed to be philanthropic in order to improve society. They are a 501(c)3 because their donations go to help society, therefore their donations are tax deductible, and they are responsible to its members and the general public. Unlike a Community Foundation, income typically comes from the person, family, etc. who founded it.
As a 501(c)3, a Community Foundation does have responsibility to its members and the general public. Like minded people, clubs, and businesses all come together to fix market failures and social problems that the public sector can't seem to get done. The key difference in a Social Enterprise 501(c)3 and a Community Foundation is that the former is much more philanthropic and relies more on donations and interests from investments than generating revenue from services.
Alys and Brad D. Smith founded The Wing 2 Wing Foundation to support the underserved talent in the heart of Appalachia.
Jesse Stuart Foundation Bookstore (Ashland)
The Community Foundation of the New River Valley
Pallottine Foundation of Huntington (Boone, Cabell, Kanawha, Lincoln, Logan, Mason, Mingo, western Putnam, and Wayne)
All 55 Counties.
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