The original founders began with a little over $348,000 in assets and a dream—build a Community Foundation that would truly touch every corner of this city. Until now, individuals of means had created private foundations. Those of all financial means, including individuals and businesses, had no way to combine their contributions into one pool where they could have real impact on making the community and those who live here greater.
From that initial dream, the Community Foundation of Greater Chattanooga was formed. Today, that $348,000 has grown to over $60 million, but so has the community’s needs. There are more organizations and more people who could benefit from the Foundation’s help. And the Foundation is working to make sure they do, making Greater Chattanooga, greater yet.
The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.