Every industry carries unique types of risks. Due to student populations and school-related activities, institutions of higher education face many different types of risks than in other industries. An enterprise risk management in higher education helps colleges and universities to…
If you’ve ever driven into a confusing intersection such as a five-way stop or a roundabout, you know that the order of turns can get pretty confusing. Imagine how confusing it would be without the rules of the road. Laws…
Without an established, designated process for recruiting nonprofit board directors, many nonprofits take a casual, disorganized approach to board director recruitment. The final result of their efforts often yields an ill-composed board filled with any warm bodies who are willing…
Today’s higher education arena presents many challenges, risks, and opportunities in a rapidly changing environment. While the face of higher education changes, college boards must face the facts that it’s also time for college leadership demographics to change as well.…
Individuals and corporations regularly make many choices about how they spend and allocate their money. A budget is a plan for how the organization wants to spend its money. In making decisions about allocating funds, nonprofit board members must take…
Starting a nonprofit organization is an exciting and rewarding venture. The beginning phase is the most important phase of development. It pays for founders to take a detailed and well-planned approach to forming a nonprofit organization. Initially, forming a nonprofit…
Unlike for-profit companies, most nonprofits are lean on staff members. The goal of nonprofits is to offer as much as they can to their communities in the way of services. Having less staff means that someone else has to do…
Policies and practices are important to the structure of nonprofit organizations. Formal policies and practices define expectations for board members, staff and volunteers to prevent disagreements, alleviate confusion and prevent liability issues. In addition, written policies and practices form the…
Nonprofit board fundraising best practices are all about the people, the passion and the purpose. Nonprofit organizations must have the finances to fulfill the stated purpose of their mission. Fundraising doesn’t always come easy, especially when nonprofits don’t have a…
In the excitement of fundraising, getting donor commitments and hosting events, nonprofit boards may overlook an issue that’s vital to the organization’s sustainability — risk management. Risk management is a proactive activity when it’s done well. Too often, boards unwittingly…
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