The Community Foundation for Nantucket was founded by a group of local residents who identified the need for an organization to support and enrich the quality of life for Nantucket’s growing community. The foundation’s mission is to strengthen Nantucket now and for future generations through informed philanthropy and community leadership. In pursuit of the mission, the foundation acts as the steward of foundation funds, grant maker responding to pressing needs, charitable resource for donors, non-profits and the community, and catalyst to mobilize community leadership to find solutions to Nantucket’s most critical issues.

The Diamond Foundation supports The Nantucket Fund™ which is the Community Foundation’s unrestricted source to provide grants to financially support and focus attention on the island’s most critical needs and initiatives. In it’s 11th cycle of grantmaking, the Nantucket Fund™ awarded funds to 22 Nantucket non-profits whose missions cover areas of critical need like education, housing, mental health and substance use disorders, among others.

In the education sector, The Nantucket Fund™ has made grants in 2017 to Egan Maritime Institute, Nantucket Book Foundation, Nantucket Dreamland Foundation, Nantucket Book Foundation, and Friends of the Nantucket Public Schools, Nantucket Community Sailing, Nantucket Community School, Fairwinds, Nantucket Food, Fuel, and Rental Assistance, Gosnold, Habitat for Humanity, Housing Nantucket, Linda Loring Nature Foundation, Nantucket Music Center, Nantucket island Safe Harbor for Animals, and Sustainable Nantucket.

In 2018, the list expanded to include Artists Association of Nantucket, Bulgarian Education Center, Health Imperatives, Nantucket Boys & Girls Club, Nantucket Community Music Center, Nantucket Film Foundation, Nantucket Lighthouse School, Nantucket STAR (Sports and Therapeutic Accessible Recreation), Visiting Nurses Association of Cape Cod.