Board members often have higher expectations than the average meeting attendee, which should inspire meeting planners to create events unlike anything these people have experienced before, said Devitt. Such events bring boards together to mix and mingle. Done well, they make the meeting more effective. Read more from Small Market Meetings.
Peer mentoring is a powerful tool for board education as it facilitates trusting and meaningful board member relationships, builds board cohesion, and ultimately contributes to the level of shared understanding that promotes more informed decision making. Download this free resource from BoardSource now.
The public remains largely uneducated about the variables of various nonprofit business models, and it is our job to make sure that problem does not persist. Looking at organizations through the lens of their numbers requires understanding what they do and how their work is supported. Each line of revenue has its own transaction costs, and each program type has its own cost requirements. Some nonprofits have a great deal of unrestricted monies, and others have almost none. Read more from Nonprofit Quarterly.
An army of alumnae rallied to save their alma mater with a Starbucks challenge and a host of other creative ideas. Will it be enough to save the college over the long term? Read more from The Chronicle of Philanthropy.
The 82-year-old Ford Foundation is upending the model for grant-making institutions by wielding its endowment like an impact investor. Though foundations traditionally spend 5% of their funds on cause-related grants and initiatives, last year it also pledged to plow up to $1 billion of its overall $12.5 billion endowment over the next decade into so-called mission-related investments (MRIs) that generate both financial and social returns. Read more from Fast Company.
Many nonprofits "don't communicate effectively about their values" and as a result could fail to reach new donors and advocates, write Doug Hattaway and Kyle Schnoebelen of Hattaway Communications research. To decide if a nonprofit needs to update its brand, leaders should consider which generations they're trying to target, whether the nonprofit needs new revenue streams and if its legacy can be leveraged to appeal to the modern world. Read more from Stanford Social Innovation Review.
Nonprofits and social enterprises generally lack extra funds to help out if things go wrong. Unlike traditional businesses, it’s hard to develop a rainy-day fund when donors (or investors) expect most of your money to toward changing lives. At the same time, the chance that something will go wrong at some point is all but certain. Open Road Alliance is a philanthropic initiative set up to prevent such scenarios. Since launching in 2012, its provided $13 million in emergency grants or loans to organizations that might have otherwise folded. Read more from Fast Company.
What separates the world of private business from nonprofit organizations? Nothing more clearly than the “no private inurement” clause of the Internal Revenue Service’s rules and regulations related to charitable organizations. So, in order to be crystal clear about this—with your board, your staff, and your public—organizations need to heed the call of the IRS and numerous other charity watchdog agencies in their recommendations to create and maintain a “conflict of interest” policy. Read more from Nonprofit Quarterly.
As countless individuals come forward to share their stories of sexual harassment and assault, they are exposing the intolerable behaviors that have been tolerated for far too long, and—along with them—the institutions and institutional cultures that have allowed such behavior to go unchecked. Recent headlines have revealed that the nonprofit sector is not immune either to the presence of sexual misconduct or to its mishandling by organizational leaders. Read more from Nonprofit Quarterly.
The older a nonprofit organization is, and the greater its budget, the less diverse its board is likely to be, a new BoardSource report finds. This may be a product of ingrained, if unconscious, bias. Changing these numbers clearly requires a multi-faceted approach. Read more from Nonprofit Quarterly.
To catch up on the latest VAFRE News, click here.
Members, if you have news you'd like to share, log in and click here.
© 2017 Virginia Association of Fundraising Executives (VAFRE). All rights reserved.VAFRE • P.O. Box 6605 • Richmond, VA 23230Office/Fax (804) 368-3398