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Regulatory cooperation found beneficial

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Continuous, productive relationships between state charity regulators and foundations can be mutually beneficial, a new report says.

The report, “The Value of Relationships Between State Charity Regulators & Philanthropy,” was published by the Washington D.C.-based Council on Foundations and the Forum of Regional Associations of Grantmakers.

An appropriate level of state regulation and enforcement would help strengthen and improve foundation governance and accountability, the report says.

Such relationships so far have taken three forms — legally mandated charitable working groups, voluntary working groups, and project-based collaborations providing information.

These relationships primarily have helped ensure that foundations and charities are accountable to the public, the report says, and state involvement helps educate both the charitable sector and the public on the role and responsibilities of philanthropy.

In order to ensure successful relationships, the report suggests getting support from top officials such as attorneys general and the heads of charity regulators, as well as being proactive and making personal connections with regulators.

The report used data from 16 states and focused on four states where effective relationships have been developed, the report says.

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