A new report indicates that community foundations are entering a pivotal era and that the next 20 years will be a period of great promise and important challenges for the community foundation field. The report looks at the entire field of community philanthropy, which the authors defined as the "practice of catalyzing and raising resources from a community on behalf of a community." The authors point out that community philanthropy has evolved over the years, and while community foundations focus primarily on specific geographical regions, geography has become just one way in which people identify their communities.