Franklin County Community Foundation Receives National Recognition
Local Organization Accredited with Rigorous Philanthropic Standards
Franklin County Community Foundation recently received accreditation with the nation’s highest standard for philanthropic excellence. National Standards for U.S. Community Foundations® establish legal, ethical, effective practices for community foundations everywhere.
“Meeting the National Standards benchmarks is a rigorous, comprehensive process,” said Randy Royster, Chair of the Community Foundations National Standards Board. “This accreditation is a significant accomplishment that indicates Franklin County Community Foundation demonstrates a commitment to transparency, quality, integrity and accountability as it carries out its mission.”
The National Standards for U.S. Community Foundations® program requires community foundations to document their policies for donor services, investments, grantmaking and administration. With hundreds of community foundations already accredited nationwide, the program is designed to provide quality assurance to donors, as well as to their legal and financial advisors.
“We feel that receiving this accreditation is as important to our donors as it is to us,” said Shelly Lunsford, Franklin County Community Foundation Executive Director. “When people make a charitable donation or establish a fund, they are putting their trust in us. They are counting on us to manage the investment wisely while honoring their charitable wishes. The National Standards accreditation says we are operating in the correct manner.”
Franklin County Community Foundation works to meet critical community needs and support local causes. It offers a range of charitable funds, allowing donors to advance a cause, support an individual organization, provide flexible support for community needs or recommend individual grants. In addition to affirming the organization’s philanthropic services, the accreditation validates Franklin County Community Foundation’s grantmaking practices for the nonprofit community.
“Grantmaking is a lot like investing,” said Lunsford. “We need to assess risks, weigh potential gains, diversify assets, monitor performance and operate fairly. With our National Standards accreditation, you can be assured that we’re doing just that.”
National Standards for U.S. Community Foundations® is the first program of its kind for charitable foundations in the United States.