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The Community Foundation of Greater Lafayette Receives National Recognition

The Community Foundation of Greater Lafayette recently received re-accreditation with the nation’s highest standard for philanthropic excellence. The Community Foundation has been accredited since 2006. 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 The Community Foundation of Greater Lafayette 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 Marianne Rose, The Community Foundation of Greater Lafayette’s 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, honor their charitable wishes and, in some cases, provide lifetime income to a loved one. The National Standards accreditation says our house is in order.”

 The Community Foundation of Greater Lafayette works to meet critical community needs and support local causes, including education, children and youth, health, diversity, and physical environment

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

“Grantmaking is a lot like investing,” said Rose, The Community Foundation’s President. “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.”

AccreditedCF Seal