FORT COLLINS — The Community Foundation of Northern Colorado has been named the 2014 Outstanding Foundation of the Year by the Colorado National Philanthropy Steering Committee.

The award is presented to a grant-making foundation that has demonstrated exceptional commitment through financial support and by encouraging and motivating others to take leadership roles in philanthropy and the community.

Past recipients include Bohemian Foundation, Boettcher Foundation, Community First Foundation and The Denver Foundation.

“We are honored to be the recipient of this award and grateful to the Northern Colorado community for making it possible,” said Ray Caraway, president of the Community Foundation of Northern Colorado, in a prepared statement. “It says a great deal about the generosity of Northern Colorado that our foundation is the first community foundation outside of Denver to receive this award.”

The Community Foundation is a nonprofit, public foundation working to build permanent endowments for the benefit of charitable causes and organizations in Northern Colorado.

It manages more than 380 individual charitable funds and $84 million in assets. More than 45 local nonprofit organizations have their endowments housed with the Community Foundation, and many individuals and businesses have established donor advised funds.