•HRES 874 IH 
Whereas the Nation’s more than 71,000 foundations, which 
collectively hold approximately $550,000,000,000 in as-
sets, contributed over $40,000,000,000 in 2006 to sup-
port communities in America and around the world; 
Whereas foundations are making important contributions to 
education, health care, the arts, economic and rural de-
velopment, and various other issues across the country; 
Whereas globally, grantmakers are working to fight the 
spread of global disease, combat poverty, and curb envi-
ronmental decline; 
Whereas foundations value and embrace diversity in their 
leadership and in the communities they serve; 
Whereas individuals, communities, and corporations can 
choose to establish the most effective type of foundation 
or giving vehicle that will help them achieve their chari-
table goals; 
Whereas private, independent foundations are usually en-
dowed by one source, such as an individual’s bequest or 
through the conversion of a nonprofit to a for-profit orga-
nization; 
Whereas community foundations seek to create a permanent 
resource for the community, most often through the cre-
ation of endowed funds from a wide range of donors, that 
include local citizens, corporations, government, other 
foundations, and nonprofits; 
Whereas the first community foundation was established in 
Cleveland, Ohio, by Frederick H. Goff in 1914; 
Whereas family foundations are where the original donor or 
the donor’s family plays a significant role in governing 
the foundation; 
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•HRES 874 IH 
Whereas corporate grantmakers can either be private founda-
tions established by for-profit corporations, but legally 
separate from the parent corporation or corporate giving 
programs, which are programs within a corporation that 
make charitable contributions from the corporation’s 
pretax income; 
Whereas private, operating foundations use most of their in-
come to support their own charitable services or pro-
grams, rather than make grants to outside organizations; 
Whereas public foundations are public charities that operate 
significant grantmaking programs in addition to their 
other charitable activities; 
Whereas donor-advised funds, first established in 1931 by a 
community foundation in Winston-Salem, North Caro-
lina, are an integral part of American philanthropy with 
currently over 100,000 accounts holding $17,500,000 in 
assets; 
Whereas while philanthropic institutions can never replace 
government, there are times when foundations can col-
laborate with government to create innovative solutions to 
solve pressing problems; and 
Whereas Congress and the philanthropic sector must find a 
way to work together to produce healthier communities, 
more educated children, higher rates of employability and 
employment, decent housing, and compassion for those 
who cannot compete: Now, therefore, be it 
Resolved, That it is the sense of the United States 
House of Representatives that— 
(1) Congress and the philanthropic sector 
should partner to create a legislative and regulatory 
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•HRES 874 IH 
environment that enhances the growth of philan-
thropy; 
(2) the Congressional Philanthropy Caucus will 
help lawmakers and congressional staff learn more 
about foundations and the role these organizations 
play in our communities and around the globe; 
(3) the Congressional Philanthropy Caucus will 
highlight issues of mutual interest to both Congress 
and the philanthropic sector; and 
(4) lawmakers are encouraged to join the Con-
gressional Philanthropy Caucus. 
Æ 
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