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The Various Tools and Processes that Community Foundations Use to Improve Practice




At a Glance:

The Various Tools and Processes that Community Foundations Use to Improve the Practice

Slovakia Areas/Aspects of Operations
Structure (who administers standards/ guidelines) Mission, Structure, Governance Resource Development Stewardship and Accountability Grantmaking and Community Leadership Donor Relations Communications

The Association of Community Foundations of Slovakia – Board and advisory bodies

Government regulating agencies - Ministry of Interior


The law allows the form of foundations but not associations and Funds.

Volunteer Board of Directors

Manuals and resources in essential areas of operations following standards set by Association


Obliged by law to have an endowment upon registration (minimum of 100,000 korunas)

Policies for asset development, etc

Guidelines for:

  • Investment policies and strategy
  • Endowment building

Regular information dissemination about programs and finances

Gift and fund acceptance policies, publicly available.

Financial audit by independent body, publicly available


Grant guidelines ensure the fullest participation from community

Due diligence processes observed to ensure grants go to intended purpose


Fund statements to fund holders are given at least once a year.

Participation in the Slovak Donors Forum

Donor education


Annual Report with Audited Statements (written rule for compliance)