Saginaw Community Foundation receives national recognition

In categories: News Releases

December 1, 2016

Accredited Community FoundationSaginaw Community Foundation recently received re-accreditation with the National Standards for U.S. Community Foundations® – the nation’s highest standard for philanthropic excellence. Saginaw Community Foundation was first accredited in 2006 and has maintained its accreditation ever since.

 

“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 Saginaw Community Foundation 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 Reneé Johnston, Saginaw Community Foundation president and CEO. “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.”

 

Saginaw Community Foundation 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 Saginaw Community Foundation’s grantmaking practices for the nonprofit community.

 

“Grantmaking is a lot like investing,” said Smallwood Holoman, Jr., Saginaw Community Foundation board chair. “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.

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