Principles for Grantmakers &
Practice Options for Philanthropic Organizations
Fund Development
(and Other Issues Unique to Community/Public Foundations)
Options highlighted in bold are required by law.
All other options are voluntary practices that individual
organizations can choose to implement.
COMMUNITY AND
PUBLIC FOUNDATIONS ONLY
Resource Development
| 1. |
We develop broad support in the form of contributions from many separate,
unrelated donors with diverse charitable interests in the community served by
our organization. |
| 2. |
Contributions to the foundation represent irrevocable gifts subject to the legal
and fiduciary control of the foundation's governing body. |
| 3. |
We have a long-term goal of securing resources to address the changing needs of
the communities our foundation serves. |
| 4. |
We accept and administer a diversity of gift and fund types to meet the varied
philanthropic objectives of donors. |
| 5. |
We have gift and fund acceptance policies. |
| 6. |
During the gift planning process, we fully disclose to the donor the role and
relationships of all parties involved. |
| 7. |
Gift planners are aware of and uphold the highest ethical standards and
practices as outlined in the work of the National Committee on Planned Giving. |
| 8. |
We educate ourselves, set policy and monitor fund development practices to
ensure the best interests of the donors, the public and the beneficiaries of the
foundation. |
Stewardship and Accountability
| 1. |
We maintain a written record of the terms and conditions of each component fund,
and all records reference the variance power. |
Donor Relations
| 1. |
We inform, educate and involve donors about community issues and grantmaking
opportunities. |
| 2. |
We honor the charitable intentions of our donors consistent with community needs
and applicable laws and regulations. |
| 3. |
Donors are promptly acknowledged for all gifts to the foundation. |
| 4. |
An annual fund statement is provided to donors who wish to receive them. |
| 5. |
Private information about donors is kept confidential, to the fullest extent
possible. |
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Printable Format (PDF)
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In This Document
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