Greetings Friend,
Since the early 2000s, the Community Foundation National Standards seal has represented a community foundation's commitment to accountability and excellence. The Council has provided operational support for the National Standards program from the beginning, and together we strive to promote sector-driven best practices for all community foundations. Currently, more than 450 community foundations are accredited by National Standards.
I’m excited to share a few important National Standards updates that will take effect this fall and in 2024.
First, National Standards is rebranding with a redesigned logo and seal that you’ll be able to show off on your website and foundation materials by October. An official name change is also coming, from “National Standards for U.S. Community Foundations,” to the already widely used “Community Foundations National Standards.”
Second, after conversations with the field, National Standards will enhance requirements to our DAF Activity Policy to better reflect best practices, starting in January 2024. These changes mean that accredited foundations will:
- Need to describe a donor/advisor communication framework for inactive funds
- Limit donor advised fund dormancy to no more than three years
Most community foundations’ policies already comply with these requirements, as you share in our desire to operate funds in the most efficient and effective way possible.
And last, accredited foundations now have access to the National Standards Board Nominations Toolkit! This voluntary resource can help your foundation continue to foster a strong, equitable process for board nominations with visualization tools, templates, and an implementation guide.
More information on DAF activity enhancements and the board nomination resource are available in their respective toolkits in your National Standards assessment portal.
The Council remains committed to supporting National Standards in its continuous effort to remain an accessible tool for reinforcing integrity, professionalism, and legal compliance for all community foundations. Do you have questions on these updates or are you ready for your community foundation to apply for National Standards? Please reach out to Ashley Tobon, our National Standards Associate.
Best,
Natalie Ross
Vice President of Membership, Development, and Finance
natalie.ross@cof.org