Founded in 1915, the Boston Foundation is a community foundation with $1 billion in assets. Committed to building and sustaining a prosperous city and region characterized by justice and opportunity, the foundation focuses on making grants that address critical community challenges, partnering with donors and other funders to achieve high-impact philanthropy, and serving as a civic hub from which information, ideas, and agendas can be developed and shared. The foundation awards about $16 million in grants on an annual basis to efforts focused on five impact areas: Education, Health & Wellness, Jobs & Economic Development, Neighborhoods & Housing, and Arts & Culture. To respond quickly to community needs, the foundation also has an Action Fund that provides grants of up to $10,000 to grassroots organizations.