Remove board-of-directors what-a-finance-committee-can-do-for-your-board-of-directors
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What a Finance Committee Can Do for Your Board of Directors

Blue Avocado

Implementing a finance committee of the board of directors was one of the best things our organization ever did—here’s why. The post What a Finance Committee Can Do for Your Board of Directors appeared first on Blue Avocado.

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Raise the Board’s Financial IQ

.orgSource

What is your board’s financial IQ? To adequately fulfill the three duties of a nonprofit board member —Care, Loyalty, and Obedience—a solid understanding of the organization’s financial activities is needed. A director who can’t read your balance sheet, can’t be a great leader. Is that even possible?

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Challenging Conversations—Tackling Risk

.orgSource

If your association is lucky enough to have an investment portfolio, a discussion about risk has probably been on the board’s agenda. Although money may be the object of concern, the triggers for loss are frequently pulled by circumstances outside the finance committee’s scope. No one was exempt.

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Five Lessons for Creating an Effective (and Accountable) Nonprofit Board

Blue Avocado

In my four decades as a senior fundraising executive, part-time consultant, and nonprofit CEO, I have worked with (or served on) 20 nonprofit boards. In the process, I was exposed to a number of organizations whose boards struggled with a variety of issues. Reality 1: Most boards live by the rule of thirds.

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How to Start a Nonprofit: 12 Essential Steps for Success

Bloomerang

Do you have an idea for an organization that will bring good to the world and serve a charitable purpose? You might be inspired to bring your idea to life by starting a nonprofit. These statistics underscore the importance of establishing a clear purpose and solid plan for your organization to ensure its longevity. In the U.S.,

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Your Nonprofit Needs To Establish A Rainy Day Fund. Here’s Why That Is And How You Can Convince Others To Get On Board.

Bloomerang

If there was ever a time to start focusing on building a rainy day source of funding for your nonprofit, that time is now. If you’re not sure why you should do this, ask yourself the following questions: How have you fared during the pandemic? How do your prospects for the foreseeable future look? You need that too.

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Nonprofit Board Best Practices – Lessons From the 2020 BoardAssist Board Summit

BoardAssist

We learned a lot at the recent BoardAssist Nonprofit Board Summit on how to be an outstanding board member. Our amazing panelists, some of New York’s most prominent nonprofit and corporate board members, had lots of practical and actionable advice for those of us who want to truly #bethechange. Know your Board.

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