Coaching Charities’ Standards of Excellence for Public Charitable Foundations

• Overhead expenditures, which include fundraising and administrative costs, shall be less than 35% of gross revenue. (i)
  
  
• Board of Directors shall be formed with a minimum of five voting members, of which the majority of members are not related.
  
  
• A policy of transparency shall be adopted, making available to all, upon request, Foundation annual federal tax returns (Form 990).
  
  
• Financial oversight and internal controls shall be established to ensure proper, Board of Directors approved expenditures of public funds.  This includes approval of operational budgets for major program activities, fund raising, and administration.
  
  
• No members of the Board of Directors shall be directly or indirectly compensated by the Foundation on which they serve.
  
  
• A Comprehensive conflict of interest policy shall be established for the Foundation. (ii)
  
  
• Solicitations and promotional materials shall clearly and honestly state the mission and purpose of the Foundation.
  
  
• No donor contact information shall be released to any other entity, unless specifically approved by the donor.
  
  
• Board of Directors shall shape and uphold the Foundation’s mission and core values. (iii)
  
  
• Foundation performance and effectiveness shall be assessed on an annual basis to determine future actions required to achieve the organization’s mission.