The Community Foundation Recognized for Achieving National Accountability Standards
The Community Foundation of New Jersey has been nationally certified for its organizational and financial practices by the Washington-based Council on Foundations. According to the Council, The Community Foundation has successfully met all forty-three National Standards set forth for U.S. community foundations.
The Council and leaders of the community foundation field created the National Standards to assist community foundations in establishing legal, ethical, and effective operational practices that demonstrate transparency and financial responsibility and accountability. In order to achieve compliance with National Standards, community foundations are required to undergo an extensive review of their organizational and financial policies and procedures.
Developed as a blueprint for internal development and as a tangible set of benchmarks for external assessment of performance, the forty-three National Standards address six key areas of community foundation operations: mission, structure and governance, resource development, stewardship and accountability, grantmaking and community leadership, donor relations, and communications.
The Community Foundation joins 200 community foundations, out of 650 nationally, achieving national standards.