Mexican community foundations playing important role, but challenges remain

A new study of 21 community foundations in Mexico reports that community foundations are strengthening the civic fabric and playing a pivotal role in growing a new type of philanthropy in Mexican communities. According to 2007 financial information, in spite of their relatively fledgling character, the community foundations have raised more than US$30.8 million in assets since their founding, principally from local, private sources, a figure which places Mexico at the forefront of Latin America’s grassroots philanthropy.