July 17, 2012

The Dayton Foundation Is Recognized for Meeting High National Accountability Standards

The Dayton Foundation has just learned that the Community Foundations National Standards Board has reconfirmed the Foundation’s national certification for its organizational and financial practices and has successfully met 41 National Standards for U.S. Community Foundations.

The Dayton Foundation was among the first community foundations nationally (there currently are over 800 U.S. community foundations) in 2006 to have been accredited with the Board’s certification. Confirmation of ongoing compliance is required every five years.

The Community Foundations National Standards Board is a supporting organization of the Council on Foundations, the premier international organization for both community and private foundations. The Council on Foundations and leaders of the community foundation field created the National Standards to aid community foundations in adherence to a high standard of legal, ethical and effective operational practices that demonstrate transparency and financial responsibility.

"We are so pleased to once again be recognized for maintaining the highest standards for serving donors and our community. This is an important achievement for The Dayton Foundation and the Greater Dayton Region," said Michael M. Parks, president of The Dayton Foundation. "We are committed to providing the highest level of service to our donors and to affirming the integrity of community foundations through the voluntary certification process. We feel strongly about and are pleased to be a part of this important, national effort."

Intended both as a blueprint for internal organizational development and as a tangible set of benchmarks for external assessment of performance, the Board’s 41 National Standards address 6 key areas of community foundation operations. These include mission, structure and governance; resource development; stewardship and accountability; grantmaking and community leadership; donor relations; and communications.

In order to achieve Confirmation of Compliance with the National Standards, community foundations must undergo an extensive review of their organizational and financial policies, procedures and operations. The peer review process is performed by trained, experienced community foundation practitioners.

The Dayton Foundation is the regional community foundation for Greater Dayton. Since 1921, the Foundation has helped people to help others. The Dayton Foundation has helped caring individuals to establish and manage charitable funds and be part of the Foundation’s more than 90-year history of awarding to nonprofits over 225,000 grants totaling more than a half-billion dollars. Through the Foundation, these donors have supported the building of a stronger community through philanthropy and leadership.

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File date: 9.17.14

IN HER WORDS

Virginia Toulmin

“I think the world of Mike Parks and the staff of The Dayton Foundation, and I know that they will use our fund’s charitable dollars wisely. I'm so glad to be doing this for the community that was so good to my husband, Harry, and me.” – Virginia B. Toulmin, who passed away in 2010 and who will be long remembered as a treasured Dayton Foundation donor

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