The Charities Review Council has announced its revised Accountability Standards and a new online Wizard that will help guide nonprofits through the review process.
Charities Review Council is an independent resource for individuals and philanthropic organizations that want to make more informed giving decisions. You may recognize the logo to the right from different nonprofit websites you’ve visited. The seal signifies that an organization has gone through the Council’s review process and has successfully proven that it meets certain best practice standards across a range of accountability criteria including public disclosure, governance, finance and fundraising.
Originally written in 1998, the Accountability Standards were revisited and revised to keep up with the economic, demographic, legal and societal changes of the last decade. “The standards are the result of a year-long, broad grass-roots effort that engaged diverse voices among nonprofit leaders, grantmakers, individual donors and academicians,” reports former Council board member Claire Topp, a Dorsey & Whitney law firm partner, who headed up the committee that oversaw development of the standards. “As such, they reflect state-of-the-art standards that balance donor expectations with nonprofit operational realities.”
Changes to the Standards include a more robust analysis of a nonprofit’s financial health, as well as a greater allowance for infrastructure expenses as a necessary investment. For more information on the recent changes, read the Standards FAQ.
The Accountability Wizard is an online, educational assessment tool that helps guide nonprofits through the review process. The tool assists the user in collecting information to ensure that his or her organization’s policies and practices are sound. The Council’s Accountability Standards are supported and promoted by a number of Minnesota grantmakers and other promotional partners, many of them MCF members.
To learn more about the Council, the new standards, or how the Wizard can help you comply, visit smartgivers.org, or sign up for the upcoming webinar on May 4.
Just as Charities Review Council has standards for nonprofits, MCF has a set of Principles for Grantmakers, to which all members subscribe. Such standards and guiding values enhance transparency and public trust in the independent sector. MCF members often display a seal signifying their subscription to the Principles on their websites, like this example on The Carl and Eloise Pohlad Family Foundation website.
Posted by MCF Webmaster 
