- Use the resources, which they control for the socially beneficial aims for which they are designated;
- Define their mission, aims and programs clearly and make them publicly known;
- Strive to achieve maximum transparency in their activities;
- Strive to keep administrative costs to a reasonable minimum;
- Regularly publish reports on their activities, including financial data;
- Remain aware of and comply with the legal responsibilities of grantmakers.
Within grantmaking programs and in accordance with their mission, status, and aims, Members agree to:
- Ensure that decision making on grant applications is established on a clear and logical basis, including appropriate control and oversight, and followed in a manner consistent with the organization’s policies;
- Ensure that appropriate arrangements are made to avoid improper conflict of interest arising for those involved in decision making;
- Respect the confidentiality of applicants, grantees and donors and use discretion in communicating with others about specific organizations and individuals;
- Treat grantees and colleagues with respect and abide by the principles of tolerance and non-discrimination;
- Encourage grantees to remain aware of and comply with their legal responsibilities.
