The Practice Options for Philanthropic Organizations have been prepared by the Minnesota Council on Foundations as an illustration of the varying levels of practices that philanthropic organizations might adopt to implement the Principles for Grantmakers.
MCF has developed a single statement of Practice Options, acknowledging that there are specific differences based on type of foundation and on foundation governance structures. Where there are clear differences, we have attempted to note the unique circumstance for Family, Independent, Corporate and Community/Public philanthropic organizations.
It is the belief of the Minnesota Council on Foundations that its members already have many of these practices in place and are engaged in or committed to continuous improvement. The Board of Directors of the Council, however, requests that each member's board and staff (if they have staff), in addition to subscribing to the Principles, review these Practice Options for Philanthropic Organizations carefully. The MCF Board recommends that each member consider them and then select or develop appropriate practices that reflect the ways in which the member puts the Principles into practice.