Code of Ethics

In keeping with the legacy of our founders, integrity is at the core of all we do.  Grable’s trustees and staff re-commit annually to the Code of Ethics below.


We, the trustees and staff of The Grable Foundation, as responsible stewards of charitable resources, commit ourselves to standards of ethical behavior and excellence in practice.  We define these standards as follows.

A.  Personal and Professional Integrity

Trustees and staff will act with integrity in all our internal and external dealings.

B.  Mission

We will pursue a clearly stated mission and purpose, approved by the trustees in service of the public good.

C.  Governance

The Board of Trustees for The Grable Foundation will serve as the active governing body that is responsible for setting the mission and strategic direction of the organization and for overseeing its finances, operations, and policies.  The governing body:

D.  Legal Compliance

Trustees and staff are knowledgeable of and comply with all applicable laws, regulations, and conventions.  Foundation administrators will provide for adequate training and ongoing legal advice to ensure that the trustees and staff are well informed of relevant legal and regulatory issues.

E.  Responsible Stewardship

Trustees and staff will manage the Foundation’s funds responsibly and prudently, in keeping with the following considerations:

F.  Administrative Expenses

Trustees and staff will act prudently with regard to administrative expenses, ensuring that the level of such expenses is consistent with their mission, activities, and organizational type.  The Foundation maintains an administrative-expense policy that:

The Grable Foundation’s trustees and staff understand that among the factors that could cause a grantmaker’s administrative expenses to exceed the normative range are: whether the foundation operates programs; the extent of technical assistance and other services it provides to grantees; the extent of its efforts to share its knowledge with grantees and the public; its chosen scope of assessment and evaluation; the nature of its programs or initiatives, and other similar variables relating to the organization’s mission and type.

G.  Compensation

In setting compensation levels, trustees are mindful of their responsibilities as stewards of charitable funds.  Any compensation paid to staff, contractors, consultants, and other providers of services is reasonable and commensurate with the individual’s or firm’s responsibilities, time commitment, and duties and services performed.  As one measure of reasonableness, trustees and staff refer to publicly available data describing typical levels of compensation paid by similar organizations for similar duties in similar circumstances to persons of similar qualifications.  The Foundation also maintains job descriptions detailing specific duties and expectations for all staff members, and reviews those expectations against the actual performance of staff members on a regular basis, at least once per year.

H.  Openness and Disclosure

The Foundation responds in a timely manner to reasonable requests for information and provides comprehensive, accurate, and current information to the public, the media, and all stakeholders.

I.  Conflicts of Interest

Trustees and staff seek to avoid both conflicts of interest and the appearance of conflicts that might undermine either the integrity of the Foundation or the public’s trust in the field of organized philanthropy.  Trustees and staff recognize that the Internal Revenue Code prohibits certain kinds of transactions with, or which benefit, “disqualified persons” as defined in the Code and relevant regulations and rulings.  With respect to transactions which are not prohibited, trustees and staff are mindful of two types of conflicts of interest:

Self-Dealing:  The potential for self-dealing arises in any transaction or decision from which a board member, staff member, or other “disqualified person,” including family members of board members or staff, may profit or receive a monetary benefit.  A conflict of interest exists when a person having input into a decision could personally benefit, either directly or indirectly, from the outcome of that decision.

Conflict of Loyalty:  A conflict of loyalty arises in any transaction or decision in which a trustee or staff member is in a position of divided or conflicting loyalties.  This occurs when an individual is involved in any personal or business relationship that may significantly influence or bias his or her decision-making ability as a board or staff member.  Relevant factors in determining a conflict of loyalty include the duration, strength, and intimacy of a given personal or business relationship or affiliation, and its relevance to the functions performed by the individual.

To protect against these two types of conflicts, the Foundation adheres to the following guidelines:

J.  Demographic Inclusion and Representation

In the Foundation’s employment, board-recruitment, and grantmaking practices, we seek to promote inclusiveness and are respectful of the need to be representative of the communities we serve.

K.  Annual Review and Commitment

Trustees agree to review, not less than annually, this Declaration of Ethical Principles and Practices.  The Foundation will involve trustees, the chief executive officer, and such other staff as the trustees may wish to include, in a discussion of whether the Foundation is operating in a manner consistent with these principles and practices.  Importantly, trustees and staff will take actions as may be appropriate to improve compliance or correct non-compliance.