Local Organization Accredited with Rigorous Philanthropic Standards
Toledo, OH – August 13, 2019 – Greater Toledo Community Foundation recently received re-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. The Foundation first received accreditation in May 2006.
“Meeting the National Standards benchmarks is a rigorous, comprehensive process,” said Randy Royster, board member of the Council on Foundations. “This accreditation is a significant accomplishment that indicates Greater Toledo 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 over 500 community foundations already accredited 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 Keith Burwell, Greater Toledo Community Foundation president. “When people make a charitable bequest or establish a fund, 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 accreditation says our house is in order.”
Greater Toledo Community Foundation works to meet critical community needs and support local causes, including supporting the arts, expanding literacy, feeding children, and bolstering educational offerings to children in our communities.
Greater Toledo Community Foundation 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 Greater Toledo Community Foundation’s grantmaking practices for the nonprofit community. “Grantmaking is a lot like investing,” said Zac Isaac, Greater Toledo Community Foundation board chair. “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. Through philanthropic services, strategic investments and community leadership, Toledo Community Foundation helps people support the causes they care about, now and for generations to come.
Greater Toledo Community Foundation, Inc. is a public charitable organization created by citizens of our community to enrich the quality of life for individuals and families in our area. In existence since 1973, the Foundation now has over 860 funds with assets of approximately $300 million. The Foundation provides philanthropic services for individuals, families, businesses and corporations to meet their charitable giving needs. For more information about Greater Toledo Community Foundation, visit www.toledocf.org or follow us on Facebook or LinkedIn.
The Community Foundations National Standards Board is
a supporting organization of the Council on Foundations and is
responsible for the quality, value and integrity of compliance with
National Standards. For more information on the National Standards
Board, visit its website at www.cfstandards.org.
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