Policies and Procedures

There is no federal law that prohibits nonprofits from compensating their board members but some states may forbid compensation for board service.

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guid

What is conflict of interest?

A conflict of interest arises when a board or a staff member is in a situation where his decision making may be impaired by personal, financial, or other busin

Nonprofit organizations are routinely faced with making decisions of varying magnitude and impact.

An endowment refers to a fund or funds that are generally kept permanently. Their interest income provides for the overall operations of the organization.

• Define the decision to be made.
• Set a specific deadline by which the decision needs to be made.
• Identify who should be involved in the process and whether board approval will b

As you work with confidential financial data and personal information performing your daily business tasks, follow these straightforward guidelines to help maintain information security and be a mo

If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation

The following steps are designed to prompt responses that can become the components of a gift acceptance policy that can serve as a guideline for staff and board.