Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of a permanent charitable endowment for the betterment of the region. The Community Foundation is the largest charitable foundation in the region with assets of more than $130 million. It awards close to $6.7 million in grants to nonprofit organizations annually and since its inception has invested more than $100 million in the community. The Community Foundation serves as the steward of charitable legacies for individuals, families and corporations through the administration of nearly 600 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen nonprofits that address the region's most pressing challenges.