chapter  17
Paul Grogan
Pages 12

Since the founding of the first community foundation in 1914 by visionary Cleveland banker Frederick Goff, this once-novel class of institution has continued to grow and thrive. The original idea was to pool charitable resources to permit a focused effort on the underlying causes of urban problems, as opposed to charity as a mere palliative, dealing only with the symptoms of distress. In our case, the founders of the Boston Foundation were a couple of enlightened trust officers at the Boston Safe Deposit and Trust, which is now part of the Bank of New York Mellon. They were very articulate about the need to attack the underlying causes of urban distress, and that has been the mantra of the Boston Foundation. Community foundations have since developed a sterling reputation in grantmaking and stewardship, serving as the quiet, behind-the-scenes supporters of their communities.