Community Foundation for the Ohio Valley Receives National Recognition
Wheeling, WV — The Community Foundation for the Ohio Valley recently received reaccreditation with the nation’s highest standard for philanthropic excellence. National Standards for U.S. Community Foundations™ establish legal, ethical, effective practices for community foundations everywhere.
“Meeting the National Standards benchmarks is a rigorous, comprehensive process,” said Randy Royster, Chair of the Community Foundations National Standards Board. “This accreditation is a significant accomplishment that indicates CFOV demonstrates a commitment to transparency, quality, integrity and accountability as it carries out its mission.”
The National Standards for U.S. Community Foundations™ program requires community foundations to document their policies for donor services, investments, grantmaking and administration. With over 500 community foundations already accredited nationwide, the program is designed to provide quality assurance to donors, as well as to their legal and financial advisors.
“This is critically important to our donors,” said Bob Robinson, CFOV President. “When people make a charitable bequest or establish a fund, they are putting their trust in us. They are counting on us to manage the investment wisely and honor their charitable wishes. The National Standards accreditation says our house is in order.”
CFOV works to meet critical community needs and support local causes, including supporting the arts, assisting victims of violence, and strengthening local schools.
CFOV offers a range of charitable funds, allowing donors to advance a cause, support an individual organization, provide flexible support for community needs or recommend individual grants. In addition to affirming the organization’s philanthropic services, the accreditation validates the Community Foundation’s grantmaking practices for the nonprofit community.
“Grantmaking is a lot like investing,” said Susie Nelson, CFOV Executive Director. “We need to assess risks, weigh potential gains, diversify assets, monitor performance and operate fairly. With our National Standards accreditation, you can be assured that we’re doing just that.”
National Standards for U.S. Community Foundations™ is the first program of its kind for charitable foundations in the United States.
Through philanthropic services, strategic investments and community leadership, Hometown Community Foundation helps people support the causes they care about, now and for generations to come.
The Community Foundations National Standards Board is a supporting organization of the Council on Foundations and is responsible for the quality, value and integrity of compliance with National Standards. For more information on the National Standards Board, visit its website at www.cfstandards.org.
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