As a 501(c)(3) nonprofit organization supported by thousands of donors, financial accountability is our highest priority. We maintain the highest levels of integrity, efficiency and transparency in our financial practices.
The Initiative Foundation is certified as a Community Development Financial Institution by the U.S. Department of the Treasury and proudly bears certification from the U.S. Small Business Administration as a Community Advantage Lender. The Foundation meets rigorous national standards established by the Council on Foundations and is recognized for meeting standards for accountability and openness through the Charities Review Council.
Financial records, policies and procedures are audited annually by an independent accounting firm. Oversight is provided by our Board of Trustees, Investment & Audit Committee and staff Finance Team. We adhere to the Donor’s Bill of Rights and are also accredited by GuideStar, the Council on Foundations, Charities Review Council and the CDFI Fund.