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How to Minimize Risk Throughout Your Grant Cycle

sgEngage

To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints. Encourage Grantee Internal Controls All well-run organizations have standard best practices that employees follow.

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7 Step Policy Guide for Creating Operating Reserves

sgEngage

With an understandable and accessible operating reserves policy, your team, Board, and donors know the specific reasons you would use your operating reserves and the exact amount that needs to always be in the fund. 7 Steps for Developing a Policy to Manage Operating Reserves. This can include staff members, major donors, and auditors.

Policy 70
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5 Benefits of Deploying a Volunteer Time Off (VTO) Policy

Volunteer Hub

Creating and implementing a volunteer time off policy can provide much-needed support to the community, help develop skills for employees, and boost morale. For organizations that are on the fence regarding creating a volunteer time off policy, here are 5 additional benefits that VTO has to offer. Volunteer Policy Template.

Policy 86
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4 Ways Nonprofits Can Start Using AI in 2024

Nonprofit Tech for Good

3) Implement an Organisation-Wide Policy Implementing a comprehensive AI policy not only aligns everyone in your organisation but also opens the door for innovation. Such a policy ensures that AI tools are used in ways that support your organisation’s goals and are broadly accepted across the team.

Policy 336
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Building a culture of nonprofit compliance at Candid

Candid

But before receiving funds, you need to show you’re legally registered, governed by a board, and have solid financial management policies. On top of that, there’s a lengthy contract to review and sign. Our SOC 2 audit required us to refine our policies and plans for responding to incidents or unexpected events.

Culture 105
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Don’t Let Staff Turnover Affect Your Grantmaking Data Quality

sgEngage

Here are some best practices for effectively managing staff turnover and onboarding with your grantmaking software, including some methods of reassigning existing records to new staff members, establishing clear security roles, and building a comprehensive policies and procedures guide to keep everyone on the same page.

Data 75
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How to Make Your Nonprofit Recession-Proof: Perfect Your Operating Reserves Policy

Blue Fox

This article is all about shoring up your ability to sustain operations when the unexpected happens (like when your office temp is 88 degrees) internally or externally. First off: do you have an operating reserves policy? If so, when is the last time your leadership team reviewed the policy?

Policy 78