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Why National Standards?Understanding the value of community foundation compliance
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Agenda
• About National Standards• Why National Standards?• What’s New with National Standards• Fee and Payment Options• Application Process • Next Steps
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About National Standards
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National Standards focus on six key areas of operation
Mission, structure and governance
Resource development
Stewardship and accountability
Grantmaking and community leadership
Donor relations
Communications
A Tangible Set of Benchmarks
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Where Did National Standards Come From?
Many within the field recognized that, if community foundations didn’t define themselves…someone else would
“ Our Foundation is proud to display the National Standards certification logo on all marketing materials. It sets us above other nonprofit organizations, eliminating any questions or concerns on how we manage our organization.”
Victor Chavez, President, Board of Trustees, Albuquerque Community Foundation
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Supported by Community Foundations National Standards Board
Brian FrederickPresident/CEO | Community Foundation of Lorain County | Lorain, OH
Deborah FugenschuhPresident | Donors Forum of Wisconsin | Milwaukee, WI Mary JalonickPresident | The Dallas Foundation | Dallas, TX Carl LittleDirector, Communications & Marketing | Maine Community Foundation | Ellsworth, ME Richard MappinVice President for Grantmaking | Berks County Community Foundation | Reading, PA Donnell MersereauDirector, Community Foundations | Council of Michigan Foundations | Grand Haven, MI
Ruben OrduñaVice President for Development | The Boston Foundation | Boston, MA
Hugh RalstonPresident/CEO | Ventura County Community Foundation | Camarillo, CA
Randall RoysterExecutive Director | Albuquerque Community Foundation | Albuquerque, NM
Paul VelaskiChief Financial Officer | Arizona Community Foundation | Phoenix, AZ Gay YoungDirector, Donor Relations | New York Community Trust | New York, NY
Diane MillerNational Standards Manager | Council on Foundations | Arlington, VA
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Confirmed in Compliance
with National Standards for
U.S. Community Foundations
The National Standards Seal indicates transparency and accountability
National Standards Seal
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Fast Facts
80% of community foundations
confirmed in compliance with National
Standards believe the process was
valuable beyond gaining access to
the Standards Seal*
93 of the 100 biggest
community foundations
are confirmed
Community foundations in
the U.S administer $40 billion
in charitable funds
A donor in Indiana gave $10,000 as a direct response to her community foundation’s compliance with National Standards
*Source: FSG analysis of 2006 survey data and the Council on Foundations National Standards data
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Why National Standards
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Four Important Reasons to Comply
1. Provide evidence of excellence
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Special Benefits
Field-wide recognition
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Special Benefits
Field-wide recognition
Authorized use of National Standards Seal
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Special Benefits
Field-wide recognition
Authorized use of National Standards Seal
Access to National Standards Marketing and Communications Toolkit
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Special Benefits
Field-wide recognition
Authorized use of National Standards Seal
Access to National Standards Marketing and Communications Toolkit
Unlimited access to National Standards website
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What’s New with National Standards
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Updated National Standards
Reflect Pension Protection Act
Address geographic component funds (affiliates), human resources, whistleblower policies, and others
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New Reconfirmation Process
Streamlined procedures and integrated Standards and key elements mean fewer items to submit
Reconfirmation submissions need to satisfy: All new National Standards Pension Protection Act requirements Core material requirements and Any key elements effected by material changes
Notifications come one year in advance of submission date
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Technical Assistance
New National Standards Website
• Robust library of sample documents• Tab-specific FAQs and tips• Comprehensive glossary• Vetted sample language• Highlighted core materials
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Technical Assistance
Field-wide webinar series
Webinars will be offered in partnership with Regional and Community Foundation Associations
• Confirm your compliance• Reconfirm your compliance• Avoiding common pitfalls
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Fee and Payment Options
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Payment Options
Confirmation
Plan 1: Total = $2,000 • Declare intent to comply, deposit $300
• Ship completed record binder with balance $1,700
Amortized cost: $400/year
Plan 2: Total = $2,100 • Declare intent to comply, deposit $300
• Ship completed record binder with additional $850
• Be confirmed in compliance (6-12 months later), pay balance $950
Amortized cost: $420/year
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Payment Options
Confirmation
Plan 1: Total = $2,000 • Declare intent to comply, deposit $300
• Ship completed record binder with balance $1,700
Amortized cost: $400/year
Plan 2: Total = $2,100 • Declare intent to comply, deposit $300
• Ship completed record binder with additional $850
• Be confirmed in compliance (6-12 months later), pay balance $950
Amortized cost: $420/year
Reconfirmation
Plan 1: Total = $1,800 • Declare intent to comply, deposit $300
• Ship completed record binder with balance $1,500
Amortized cost: $360/year
Plan 2: Total = $1,900 • Declare intent to comply, deposit $300
• Ship completed record binder with additional $700
• Be reconfirmed in compliance (6-12 months later), pay balance $900
Amortized cost: $380/year
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Confirmation Process
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1 2
Nationals Standards Process
1. Declare our intent to comply
2. Receive an invitation to submit
3 4 5 6 7 8 9 10 11 121 2
initiate
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Nationals Standards Process
3. Work with website
4. Assemble core documents
5. Gather, review, approve
6. Build our record binder
1 2 3 4 5 6 7 8 9 10 11 12
implement
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Nationals Standards Process
1 2 3 4 5 6 7 8 9 10 11 12
7. Submit the application and binder
8. Await review process
9. Receive notice of compliance
send
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Nationals Standards Process
1 2 3 4 5 6 7 8 9 10 11 12
10. Promote our compliance
11. Uphold Standards
12. Reconfirm after five years
maintain
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Reconfirmation Process
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National Standards Process
Satisfy all new National Standards
Show evidence of meeting Pension Protection Act requirements
Include all required core materials(such as IRS Form 990 and Annual Report)
Submit materials reflecting changes since first being confirmed in compliance
Submit a board resolution confirming accuracy of all unchanged items from last binder
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1 2
Nationals Standards Process
1. Receive invitation to submit
2. Send statement of agreement
3 4 5 6 7 8 9 10 11 121 2
initiate
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Nationals Standards Process
3. Review website and original compliance evidence
4. Identify reconfirmation requirements
5. Gather, review, approve core documents
6. Build our record binder
1 2 3 4 5 6 7 8 9 10 11 12
implement
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Nationals Standards Process
1 2 3 4 5 6 7 8 9 10 11 12
7. Approve a board resolution
8. Submit the application and binder
9. Receive notice of compliance
send
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Nationals Standards Process
1 2 3 4 5 6 7 8 9 10 11 12
10. Promote our compliance
11. Uphold Standards
12. Reconfirm after five years
maintain
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Next Steps
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Next Steps
• Review statement of agreement• Participate in webinars• Provide status updates and get approvals
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Your Questions?
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Thank you
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A special thank you to…
Florida Philanthropic Network
Minnesota Council on Foundations
Grantmakers Forum of New York
League of California Community Foundations
Southeastern Council of Foundations
South Carolina Community Foundations
Conference of Southwest Foundations
Iowa Council of Foundations
The Association of Baltimore Area Grantmakers
Indiana Grantmakers Alliance
Donors Forum of Wisconsin
Donors Forum
Ohio Grantmakers Forum
Connecticut Council for Philanthropy
Council of Michigan Foundations
Council on Foundations
Midwest Community Foundations’ Ventures
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This presentation made possible…
By generous funding from the Council on Foundations
Community Foundations Leadership Team Idea Lab
and Charles Stewart Mott Foundation through
Midwest Community Foundations’ Ventures