National Standards for U.S. Community Foundations guide sound policies and accountable practices. They help community foundations focus on achieving their missions. And, they make community foundations distinctive.
In the United States, community foundations serve tens of thousands of donors, administer more than $40 billion in charitable funds, and address the core concerns of more than 700 communities and regions. With such a presence—nationally and within local communities—comes responsibility.
The 41 National Standards for U.S. Community Foundations mark an individual and collective commitment and an outward sign that community foundations take this responsibility very seriously.
Evidence of Excellence
The dollars set aside for charity are limited and precious. The institutions that donors choose to support must be credible and trustworthy. As a symbol of excellence and rigor, the National Standards Seal helps philanthropists and their professional advisers recognize and choose community foundations as a sound place to give and make a difference.
Community foundations of all sizes use National Standards as a roadmap to establish legal, ethical, effective practices that withstand the scrutiny of donors, government and media. Over time, National Standards have become an important resource for developing new and emerging community foundations.
With National Standards as a base, community foundations establish high levels of operational integrity, separating themselves from the potential mistakes or wrongdoing of other entities. Community foundations also use National Standards to promote self-regulation in a manner viewed positively by the Internal Revenue Service, which has increased its scrutiny of charities, especially those offering donor-advised funds.
National Standards set consistent expectations among community foundation boards and practitioners, helping them focus and make effective use of time and talent. They also provide a framework for documenting, communicating and providing training and technical assistance to advance best practices.
Community foundations use National Standards to distinguish themselves from entities that provide similar services. When community foundations work together regionally or nationally to build awareness of their unique value, standards reduce the risk of doing so by ensuring all participants have met benchmarks for quality in operations and service.