• Description

The following Statement of Practices has been prepared by the Minnesota Council on Foundations as an illustration of the specific practices private foundations might adopt in order to implement the eight Principles for Minnesota Grantmakers. The Principles, to which all members of the Council are being asked to subscribe, are broad statements of responsibilities implied by the public trust that is vested in us as grantmakers and by the high ethical standards to which the Council is committed. This Statement of Practices makes those responsibilities more specific, creating benchmarks against which a private foundation can hold itself accountable to the communities which it serves.