The Connecticut Council’s Board of Directors offers these Guiding Principles and Effective Practices to its members and other Connecticut funders to articulate a shared commitment to excellence and to serve as a guide for Connecticut funders as we pursue our missions. Subscribers to these principles share a commitment to the public trust and adhere to the highest standard of ethical behavior in all aspects of our work.
The Council on Foundations takes a leadership role in shaping community foundations’ self-regulation by promoting The National Standards for U.S. Community Foundations®, an accreditation program created by community foundations for community foundations. They are peer-driven, voluntary, and self-regulatory.
Transparency is as much about discovery as disclosure. That’s because the discovery process is how we determine: what we know what we don’t know where we stand what boundaries, if any, exist for a specific topic. Discovery can be a humbling and inspiring experience. Learning is the payoff for investing.
Author: National Center for Family Philanthropy (NCFP)
As part of the Minnesota Council on Foundations continuing efforts to help foundations maintain and improve the effectiveness of their work, MCF has prepared several comprehensive resources to help foundations conduct their work legally and ethically. Principles for Grantmakers & Practice Options for Philanthropic Organizations What Every Grantmaker Should Know & Frequently Asked Legal Questions
CEP analyzed survey data from 145 foundation CEOs and more than 15,000 grantees and systematically reviewed more than 70 foundation websites. This report reveals that funders see grantees as the primary audiences for their transparency efforts, and both foundations and grantees believe transparency about the substance of foundation work, rather than about financial disclosures or governance, matters most to effectiveness.
According to a survey of our members and others in philanthropy, we found that, while many believe that grantmaking process and structure very much (65%) or moderately (25%) affect the ultimate success of grants, many grantmakers (41%) believe that assessing and changing how grants are made isn’t a priority. One way PEAK Grantmaking is seeking to encourage members to analyze their practices is by engaging them in conversations on whether their practices reflect the values that are explicit or implicit to their organizations.
Fashions in philanthropy can be every bit as startling as the catwalk: evaluation methods and grantmaking approaches change as fast as hemlines. But onefashion that is probably here to stay (a bit like men’s suits) is transparency, which makes it worth taking a longer look at. Transparency for funders is a helpful idea, but it’s not a panacea. If private foundations and grantmakers think it is, then their attempts to bring a measure of sunlight to a sector shrouded in mist are likely to fail or, much worse, do damage. We need to recognize that glass-pocket principles need to be Read more