2007 Annual Report - Marshall County Community Foundation
2007 Annual Report - Marshall County Community Foundation
2007 Annual Report - Marshall County Community Foundation
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<strong>Marshall</strong> <strong>County</strong> <strong>Community</strong> <strong>Foundation</strong> Assets<br />
$30,000,000.00<br />
$25,000,000.00<br />
$20,000,000.00<br />
$15,000,000.00<br />
$10,000,000.00<br />
$5,000,000.00<br />
$0.00<br />
’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07<br />
Defining Philanthropy for the 21st Century<br />
MCCF applies for endorsement<br />
National Standards were developed in 2000 by a group<br />
of community foundation practitioners to serve as a<br />
roadmap for legal, ethical, and effective operations of<br />
philanthropic organizations.<br />
A total of 43 National Standards were designed by<br />
community foundation colleagues to demonstrate<br />
community foundations’ transparency and financial<br />
responsibility. They are also designed to guide sound<br />
policies and practices, distinguish community<br />
foundations from other philanthropic groups. Included<br />
in the 43 standards are 6 key areas of community<br />
foundation operations.<br />
Mission, Structure, and Governance, including<br />
standards defining board accountability, compensation,<br />
independence, fiduciary responsibility and<br />
representation of the community.<br />
Resource Development, including parameters for<br />
administration of funds, disclosures to donors and<br />
commitment to building long-term resources for varied<br />
community issues and causes.<br />
Stewardship and Accountability, covering prudent<br />
investment and management of funds, transparent<br />
record-keeping, use of funds for their intended<br />
purpose, annual audits and public availability of<br />
financial information.<br />
Grant-making and <strong>Community</strong> Leadership, including<br />
standards related to broad and open grant-making<br />
programs, due diligence and responsiveness to<br />
changing community needs.<br />
Donor Relations, encompassing guidelines for<br />
informing, educating and involving donors in<br />
responding to community needs.<br />
Communications, including openness to public<br />
scrutiny and frequent communication about activities<br />
and finances.<br />
With approval from the National Standards<br />
committee, <strong>Marshall</strong> <strong>County</strong> will join other Indiana<br />
community foundations in raising the standards in<br />
local philanthropic excellence.<br />
3<br />
<strong>2007</strong> <strong>Annual</strong> <strong>Report</strong>
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