If your non-profit is contemplating a merger or acquisition with another organization, you have a lot of work ahead of you. One of the most daunting challenges is keeping leaders focused and invested in the process. Most non-profits are run by both board members and...
How much are your volunteers worth? The non-profit advocacy group Independent Sector estimates the value of the average American volunteer at $24.69 an hour. Volunteers who perform specialized services may be even more valuable. Whether your entire workforce is unpaid or you rely on a few...
Contrary to popular belief, it is usually perfectly legal to compensate non-profit board members, and sometimes it might even be necessary. But is it right for your organization? Pros & cons Board member compensation comes with several pros and cons to consider. Your organization might, for example,...
Non-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or participation in a gaming activity. However, special events do not always meet their fundraising goals....
Licensing your non-profit’s name to a for-profit company can provide a valuable new revenue source — but it also can be risky. If you are considering a licensing arrangement, ensure that the partnership really will generate funds and, possibly more important, a positive impression of...
Americans gave unprecedented sums to charity in response to the devastating hurricanes last year. Large organizations, such as the American Red Cross, were equipped to handle the huge influxes of donations. However, some smaller charities were overwhelmed. Although it may seem like an unlikely problem,...
A non-profit’s growth stage generally starts two or three years after formation and continues until maturity at around age seven. This period comes with a sense of accomplishment and the opportunity to refine and expand, but these ‘adolescent’ years can pose challenges as well. Board shifts Perhaps...
Perhaps you wrote a social media policy several years ago when your non-profit set up a Facebook page. Since then, not only has your non-profit likely changed, but new social media platforms have emerged. At the very least, the sites you use have probably revised...
The Donor Bill of Rights was designed about 25 years ago as a blueprint of best practices for non-profits. Some critics have since asserted that the rights are out of date or not comprehensive enough. However, revisiting the list’s basic principles can help you build...
IRS rules governing private foundations are complex and include many exceptions, which is why your foundation needs to write and follow a detailed conflict-of-interest policy. Taking this proactive step can help you avoid potentially costly public and IRS attention. Casting a wide net Conflict-of-interest policies are critical...