ACT in nation's top tier
LAKE PLACID – ACT, the community foundation serving the Adirondack region, has again met the nation’s highest philanthropic standards for operational quality, integrity, and accountability of the Community Foundations National Standards Board, a national accreditation organization based in Arlington, Va.
“This is similar to the Good Housekeeping Seal for community foundations,” said Diane Miller, CFNSB manager.
The National Standards for U.S. Community Foundations program requires community foundations to document their policies for donor services, investments, grant making, and administration. Some 200 of 750 community foundations nationwide have gone through the hoops to provide quality assurance to donors, legal and financial advisors, and organizations that receive their grants. ACT’s 2007 accreditation has now been renewed.
“This is important to everyone who works with us,” said Cali Brooks, ACT's executive director. “When people establish a fund, make an unrestricted gift, or set up a charitable bequest, they put their trust in us. They rely on us to manage the investment wisely and honor their charitable wishes. The National Standards reconfirmation says our house is in order.”
ACT offers a range of charitable funds, allowing donors to advance a cause such as education or the environment, support an individual organization, provide flexible support for community needs or recommend individual grants. The reconfirmation validates ACT’s grantmaking practices for the nonprofit community.
“Some say it’s easier to create wealth than to give money away wisely,” said Vinny McClelland, co-chair of ACT's Board of Directors. “Grantmaking is a lot like investing – we need to assess risks, weigh potential gains, diversify assets, monitor performance, and operate fairly. When you see the National Standards Seal, you can be assured that we’re committed to meeting the highest standards for grant making.”
ACT has been encouraging generosity to serve the Adirondack region since 1997.
The National Standards for U.S. Community Foundations program is the first of its kind for charitable foundations in the United States. The Community Foundations National Standards Board is a supporting organization of the Council on Foundations that administers and advances National Standards for U.S. Community Foundations. Visit www.cfstandards.org for more information.