Mission, Structure, & Governance

Updated in 2014, these standards show that the community foundation strives to achieve operational excellence. 

A community foundation is a tax-exempt, nonprofit, autonomous, nonsectarian philanthropic institution supported by the public with the long-term goals of:
A community foundation has an independent governing body that ensures that the community foundation reflects and serves the breadth and diversity of the community.
A community foundation’s governing body retains variance power by which it may modify any restriction or condition on the distribution of assets, if circumstances warrant.
A community foundation’s governing body is responsible for the mission, strategic direction, and policies of a foundation.
A community foundation's governing body ensures the financial health and sustainability of the foundation.
A community foundation's governing body approves and monitors policies regulating the ethical operations of the community foundation, ensures that the community foundation meets all legal requirements, and approves all grants.
A community foundation's governing body is not controlled by any other nonprofit foundation.
A community foundation's governing body oversees a clearly articulated process for board governance and serves without compensation (exclusive of the chief executive officer).
A community foundation's governing body maintains oversight and control over geographic affiliates.