Community Foundation receives CFNSB certification

Feb 27, 2014

IOWA CITY – The Community Foundation of Johnson County received notification that it is in compliance with the Community Foundations National Standards Board (CFNSB) certification standards.

CFJC Board President Tim Krumm said the CFNSB requirements are the nation’s highest philanthropic standards for operational quality, integrity and accountability. “Accreditation by the National Standards is a commitment of the Community Foundation of Johnson County to transparency, excellence, stewardship and leadership.

“The foundation was originally certified in 2007, and has now met the standards for recertification, and affirms our management is aligned with nationally recognized practices for community foundations. The certification also reaffirms our credibility and integrity with our donors and professional advisers.”

The procedure involved a multi-level process requiring a lengthy review of policies, procedures and investment practices for compliance with the National Council Standards.

Mike Stoffregen, CFJC executive director, said the Community Foundation manages more than 140 fund and seven Community Fund affiliates. “CFNSB certification is an official recognition and documentation of the Community Foundation’s reliable services and qualifications. We work with individuals, businesses, nonprofit organizations, local government and other foundations to grow endowments to serve Johnson County today, tomorrow and forever.”

The Community Foundation of Johnson County is a catalyst to build a stronger community through philanthropy. In the decade since founding, the Community Foundation of Johnson County has $16 million in assets and nearly $6 million in bequests, and distributed more than $5.8 million in grants and $603,000 in sponsor support. Additionally, charitable gifts have encouraged more than 32,460 volunteer service hours for 143 charitable giving and endowed funds to accomplish its goals – build an endowment for the greater community good. For Good . . . For Ever.

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