The Greater Fostoria Community Foundation (GFCF) was established to provide individuals with a connection to Fostoria a way to make significant, enduring contributions to their community. It operates independently from business or government, focusing solely on fostering community betterment. As a 501(c)(3) public charity, the Foundation accumulates funds through various gifts and bequests, offering tax benefits to donors. Its primary aim is to benefit Fostoria and its inhabitants through a collective of individual funds.
The grant program of GFCF awards funds biannually to a diverse selection of organizations, emphasizing the impact of pooled resources to make a meaningful difference within the community. It ensures a sustainable approach to philanthropy by mainly utilizing the income for grants, thereby offering a permanent resource for local betterment. Eligibility is exclusive to non-profit charitable entities recognized under section 501(c)(3) of the IRS. The Foundation seeks to address community needs across a broad spectrum including human services, arts and culture, economic and civic development, education, and health and social services, having contributed over $2.5 million in grants since its inception.