The Community Foundation of the Eastern Shore recently received notification that it has met the nation’s highest philanthropic standards for operational quality, integrity, and accountability. The notice comes from the Council on Foundations, a national professional association based in Washington, D.C.
“This is similar to the Good Housekeeping Seal for community foundations,” said Steve Gunderson, President and Chief Executive Officer, Council on Foundations. “It says that the Community Foundation of the Eastern Shore has demonstrated a commitment to operational quality, integrity,and accountability.”
The National Standards for U.S. Community Foundations Program requires community foundations to document their policies for donor services, investments, grant making and administration. Out of 700 community foundations in the United States, less than 250 community foundations have met the qualifications. With over 200community 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 Spicer Bell, President, Community Foundation of the Eastern Shore. “When people make a charitable bequest, establish a fund or set up an annuity, they are putting their trust in us. They are counting on us to manage the investment wisely, honor their charitable wishes and, in some cases,provide lifetime income to a loved one. The National Standards confirmation says our house is in order.”
The Community Foundation of the Eastern Shore 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 the Community Foundation’s grantmaking practices for the nonprofit community.