Designed to encourage and inform community college efforts to obtain financial support from corporations and foundations, this report assesses the current status of corporate and foundation giving to two-year colleges and identifies organizations that accept funding proposals from community colleges. After stressing the need to diversify financial support, part I assesses the status of community college fund raising and of foundation and corporate philanthropy to two-year colleges. This section indicates that: (1) corporate donations to all colleges and universities totaled $1.8 billion in 1986-87, including $19.8 million to community colleges; (2) foundation gifts to community colleges totalled $8,635,000, or roughly 1% of all foundation gifts to education; and (3) 43.9% of the private financial support for community colleges was provided by corporations, 1.8% by alumni, 29.8% by other individuals, and 13% by foundations. Part I also includes a list of organizations that can provide information on corporate and foundation giving, information on efforts to increase educational fund raising, and a resource list. Part II contains a list of 190 corporations and foundations, their key contact people, addresses, and funding policies concerning community colleges. Part III lists 168 companies that do not provide matching gifts to community colleges, and 862 companies that do offer matching grants. (AYC)