Draft Statement of Ethical Principles

The Council on Foundations and its members promote the highest standards of ethical behavior, in recognition of the importance of public good will to what we do, to those we serve and to confidence in philanthropic institutions.

Mission: Our members are committed to their philanthropic purposes and consistently demonstrate the fidelity of their actions to those purposes.

Stewardship: Our members manage their resources to ensure that they are dedicated to philanthropic purposes rather than private gain, and actively seek to avoid excessive compensation and unreasonable or unnecessary expenses. They seek to create the maximum public benefit both through their work and through the work of partners, colleagues and grantees.

Accountability and Transparency: In carrying out their philanthropic activities, our members operate in conformance with both the letter and the spirit of the law. They welcome public interest, communicate truthfully and embrace responsibility for their actions.

Diversity and Inclusiveness: Our members seek diversity and inclusiveness in its many forms, both to reflect the communities they serve and to ensure that a range of perspectives, opinions and experiences is recognized and acted upon to enhance their ability to contribute to the common good in a changing society.

Governance: Our members’ governing bodies understand and embrace their responsibility to oversee the mission, strategic direction, finances and operations of their respective organizations. They establish clear and understandable policies and ensure that they are followed fairly.

Cooperation: Members interact respectfully with grantees, colleagues, donors and peers in the field of philanthropy to exchange information, further their mission and advance the role of philanthropy in society.