Nonprofits rely heavily on donations from grantors and donors. It’s common for well-established nonprofit organizations with sound financial backing to invest some portion of the organization’s financial assets in stocks, bonds, or other financial investments to improve the nonprofit’s financial…
Compliance and risk management activities are high on the list of responsibilities that nonprofit board members accept as part of their board appointments. The definitions of compliance and risk management are distinctly different from one another. Nonprofit boards have legal…
The intense scrutiny that nonprofit leaders have been facing in recent years should call your attention to the importance of the nonprofit executive committee. If you haven't done so already, it's primetime to revisit your bylaws and reevaluate the role…
The words trust and fiduciary have much in common, particularly as they pertain to nonprofit boards. In fulfilling a nonprofit’s mission, board members are stewards of the public's trust. It's a given that nonprofit boards should manage fiduciary risks. In…
The latest advancements in technology have given nonprofit boards many tools that increase their capability and functionality. With so many apps and programs available, it's easy to get bogged down in searching for the right boardroom technology. New tools and…
Anytime big changes are happening in the corporate world, nonprofit organizations need to pay attention. That’s because many of the same issues that occur in businesses have a residual effect in the nonprofit realm. One of the big issues that's…
The dynamics of the board-executive partnership has a strong effect on the health and viability of your organization. Board members and executives have distinct roles, and the balance of power helps them to get the work of the organization done.…
The pandemic caught the entire world by surprise. During the first few months of the crisis, boards scrambled to make decisions about whether they should continue meeting in person, set up virtual meetings, or delay board meetings temporarily. As the…
It’s often only after someone joins a nonprofit board that they suddenly realize the full weight of their duties and responsibilities. Before someone accepts a position on a nonprofit board, they need to be aware that nonprofits have been under…
Nonprofit organizations have always had to work hard to fulfill their missions. A host of variable circumstances can rock even the strongest nonprofit organization. To be sustainable, nonprofit leaders have to be ready for anything. Your nonprofit board has had…
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