Standards and Effective Practices for Community Foundations
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Home > National Standards for U.S. Community Foundations > Standard IV. Part E.

A community foundation observes the balance between donor involvement and governing board control and complies with applicable laws and regulations.
Stewardship and Accountability - Standard IV. Part E.
The StandardMethodologiesExamplesCurrent Practice AssessmentKey Design ElementsMonitoring & EvaluationOther Resources

The Standard

A community foundation observes the balance between donor involvement and governing board control and complies with applicable laws and regulations.

Underlying Rationale

A clear delineation of the balance of donor involvement and governing board control is essential to protecting the interests of the donor and meeting the requirements of applicable laws and regulations.

Potential Outcomes

  1. The donor is protected from increased tax liability.
  2. The foundation remains in compliance with applicable laws and regulations.


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Please note that these materials were collected prior to the passage of the Pension Protection Act of 2006 so do not necessarily reflect the recent changes in the law. As always, these documents should only be used as a reference in developing your own documents with advice from legal counsel where appropriate. For more information on the Pension Protection Act of 2006, see www.cof.org/hr4.
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