ARLINGTON, Va., August 3, 2009 — Even before calls for increased transparency and accountability among foundations, community foundations led the way in self-regulation with the establishment in 2000 of the National Standards for U.S. Community Foundations, a first-of-its-kind voluntary program. Today, with more than 450 community foundations in compliance with the National Standards, the Council on Foundations announces the creation of the Community Foundations National Standards Board – a new organization that will now administer the National Standards accreditation process.
The Council on Foundations has decided to oppose President Obama’s proposal to limit the tax break wealthy Americans get for charitable deductions, fearing that it would dampen giving, Steve Gunderson, the group’s president, said today.
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