Midland Area Community Foundation in Top Philanthropic Tier Nationally
Meets Rigorous Standards for Quality and Accountability
The Midland Area Community Foundation recently received notification that it has met the nation’s highest philanthropic standards for operational quality, integrity and accountability. The notice comes from the Community Foundations National Standards Board, a national accreditation organization based in Arlington, Va.
“This is similar to the Good Housekeeping Seal for community foundations,” said Diane Miller, Manager, Community Foundations National Standards Board. “It says that the Midland Area Community Foundation has demonstrated a commitment to operational quality, integrity and accountability.”
The National Standards for U.S. Community FoundationsÔ program requires community foundations to document their policies for donor services, investments, grantmaking and administration. With over 200 community foundations already confirmed in compliance nationwide, the program is designed to provide quality assurance to donors, as well as to their legal and financial advisors.
“This is critically important to our donors,” said Jan McGuire, Midland Area Community Foundation President and CEO. “When people make a charitable bequest, establish a fund or set up a pinecone fund, they are putting their trust in us. They are counting on us to manage the investment wisely and honor their charitable wishes and The National Standards confirmation says our house is in order.”
Midland Area Community Foundation offers a range of charitable funds, allowing donors to advance a cause such as education or the environment, support an individual organization, provide flexible support for community needs or recommend individual grants. In addition to affirming the organization’s philanthropic services, the confirmation validates Midland Area Community Foundation’s grantmaking practices for the nonprofit community.
“Some say it’s easier to create wealth than to give money away wisely,” said Craig McDonald, Midland Area Community Foundation board chair. “There’s some truth in that. Grantmaking is a lot like investing… we need to assess risks, weigh potential gains, diversify assets, monitor performance and operate fairly. When you see the National Standards Seal, you can be assured that we’re committed to meeting the highest standards for grantmaking as well.”
The National Standards for U.S. Community Foundations program is the first of its kind for charitable foundations in the United States.
The Community Foundations National Standards Board is a supporting organization of the Council on Foundations that administers and advances National Standards for U.S. Community FoundationsÔ by ensuring the integrity of the accreditation process and building the value of compliance. Visit www.cfstandards.org for more information about the program and organization.