Community foundation receives national accreditation
The Central Minnesota Community Foundation and its affiliates received confirmation of compliance with the National Standards for U.S. Community Foundations.
The five-year accreditation is awarded to community foundations that demonstrate excellence in gift stewardship, grant-making, transparency and accountability.
The National Standards Seal indicates official confirmation from the Community Foundations National Standards Board that the Central Minnesota Community Foundation and its affiliates – Alexandria Area Community Foundation, Brainerd Lakes Area Community Foundation and Willmar Area Community Foundation – have met the most rigorous standards in philanthropy.
The 41 national standards require the community foundation to document its policies and achieve specific benchmarks in donor services, investment management, grant-making and administration. The Central Minnesota Community Foundation first became accredited five years ago.
“This national seal confirms our strong history of honoring donors’ wishes and providing an open, competitive grant-making process that addresses the changing needs of our community,” CMCF President Steve Joul said in a news release.
The National Standards for U.S. Community Foundations were created in 2000 in cooperation with the Council on Foundations. National Standards guide community foundations in establishing legal, ethical and effective operational practices that serve as blueprints for internal development and benchmarks for external assessment.
The Central Minnesota Community Foundation, based in St. Cloud, is a public charity that administers more than 500 charitable funds totaling more than $65 million for the benefit of local residents. CMCF has been engaging people and connecting resources to build a better community since 1985. CMCF deepens its community impact through its affiliates, Alexandria Area Community Foundation, Brainerd Lakes Area Community Foundation, and Willmar Area Community Foundation, as well as its supporting organization the Minnesota Real Estate Foundation. Learn more at CommunityGiving.org.