Who checks on the money to make sure it is properly spent?
Every CFC is controlled by a Local Federal Coordinating Committee (or Executive Board). The Board is comprised of volunteer Federal personnel. Under their direction, an Eligibility Committee of Federal volunteers reviews charitable agencies for compliance with the criteria stipulated in the CFC regulations; i.e., ensuring they are nonprofit, audited annually, etc. No additional review of an agency’s budget is made, thus you must be familiar with the agency you designate. The Combined Federal Campaign PCFO (principal combined fund organization) is audited annually by an independent auditor to ensure that designations have been honored. The PCFO also provides independent confirmation of designations to independent auditors on behalf of CFC agencies and federations as requested.
