In 1970, the organization's name was changed to the Scranton Area Community Foundation. Officially designated as a public community foundation by the U.S. Internal Revenue Service in 1988, the foundation was converted from a trust to a corporation in 1998, at which time it adopted the name Scranton Area Community Foundation, Inc. According to a 2020 article in Scranton's Times-Tribune, the foundation "accepts and administers donors’ gifts and bequests," providing a "tax advantage to donors," and also "acts as a catalyst for change, convening diverse groups to take action on community issues."Lockwood, "Scranton Area Community Foundation going strong in 66th year," The Times-Tribune, November 1, 2020.
