Camp Cadet Squads
How We Operate
The Foundation is a not-for-profit corporation. All requests for funds are investigated, and funding decisions are made by the Board of Directors. The Directors also set policy and help with fund raising and community relationships. All of these responsibilities are governed by the corporation's bylaws.
National Standards Compliance
In 2006, the Centre County Community Foundation formally agreed to comply with the National Standards for U.S. Community Foundations. The Standards assist community foundations in establishing legal, ethical and effective operating practices that show a foundation’s transparency and financial responsibility. The 43 National Standards address six key areas of community foundation operations:
- Mission, Structure, and Governance – includes standards that define board accountability, compensation, independence, fiduciary responsibility and representation of the community.
- Resource Development – includes parameters for administration of funds, disclosure to donors and commitment to building long-term resources for varied community issues and causes.
- Stewardship and Accountability – covers prudent investment and management of funds, transparent record-keeping, use of funds for their intended purpose, annual audits and public availability of financial information.
- Grantmaking and Community Leadership, including standards related to broad and open grantmaking programs, due diligence and responsiveness to changing community needs.
- Donor Relations, encompassing guidelines for informing, educating and involving donors in responding to community needs.
- Communications, including openness to public scrutiny and frequent communication about activities and finances.
