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 National Standards indicate official confirmation from the Council on Foundations that the Community Foundation of Northern Illinois has met the most rigorous standards in philanthropy. National Standards affirm a commitment to financial security, transparency and accountability. It says the Foundation's grantmaking includes an open, competitive process designed to address the changing needs of our community. National Standards also confirm the Community Foundation's history of honoring donors' wishes -- to support the arts, cultivate gardens, save endangered species, cure illness, expand literacy, feed children -- and support countless other important causes. The National Standards for US Community Foundations Program was established in 2000 in cooperation with the Council on Foundations. National Standards guide community foundations in establishing legal, ethical and effective operational practices that serve as blueprints for internal development and benchmarks for external assessment. The 43 National Standards require the Community Foundation of Northern Illinois to document its policies in donor services, investment management, grantmaking and administration. To receive confirmation of National Standards compliance, the Community Foundation of Northern Illinois submitted its organizational and financial policies and procedures to a rigorous peer review. |
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