What is The Key Biscayne Community Foundation?
The Key Biscayne Community Foundation, established as a community foundation in 2004, serves as a leader, catalyst, and resource for philanthropy by providing donors with flexible means of making gifts to charitable causes that enhance our community. As a community foundation, the Foundation is a hybrid between a private foundation (whose main activity is awarding grants) and a typical publicly supported charity (whose main activity is providing a service). Like a private foundation, The Key Biscayne Community Foundation’s main activity is awarding grants. But like other charities, we also provide community services. We help Key Biscayners and others make effective gifts to charitable causes in Key Biscayne and around the country. We receive our support from many people in the community rather than a single family. We are considered a publicly supported charity and therefore receive more favorable tax treatment.
