Lutheran Community Foundation subscribes to the following Grantmaking Principles set forth by Minnesota Council on Foundations:
Principles
- Ethics and Law Principle
To sustain public trust by adhering to the highest ethical principles and practices and abiding by all state and federal laws that govern philanthropy.
- Effective Governance Principle
To achieve effective governance by ensuring performance in the areas of stewardship of assets, donor intent, fiduciary responsibility and sound decision-making. - Mission and Goals Principle
To be purposeful in our philanthropy by having a clearly stated mission and explicit goals. - Engaged Learning Principle
To foster continuous learning and reflection by engaging board members, staff, grantees and donors in thoughtful dialogue and education. - Respectful Relationships Principle
To build constructive relationships with applicants, grantees and donors by ensuring mutual respect, candor, confidentiality and understanding. - Transparency Principle
To achieve transparency in our relationships with the public, applicants, grantees and donors by being clear, consistent and timely in our communications with them. - Diversity Principle
To reflect and engage the diversity of the communities we serve in our varying roles as grantmakers, boards and employers, economic entities and civic participants. - Self-Assessment and Commitment PrincipleTo uphold the highest standards by regularly assessing ourselves against these principles and committing to implement them.