Download Nonprofit Board: Role, Responsibilities, Definitions, Duties, Best Practices and more Quizzes Business Management and Analysis in PDF only on Docsity! TERM 1 I.Overview/Definitions: Laws and Structure DEFINITION 1 Week 1-2 TERM 2 The Board DEFINITION 2 Primary Responsibilities Specific Responsibilities Support Functions TERM 3 Primary Responsibilities DEFINITION 3 Governance - oversee/evaluate Leadership - guide the mission and direction Stewardship - ensure dedication to and use of assets for benefit of public TERM 4 Specific Responsibilities DEFINITION 4 Hire/support/ evaluate/discharge CEO Review and approve annual budget, major organizational decisions and commitments Evaluate progress towards program and financial goals TERM 5 Supporting Functions DEFINITION 5 Boards give support to fundraising, planning, public and community relations primary responsibility is fiduciary, guarding the public trust Overseeing finances and operations TERM 6 Duties of Trustees DEFINITION 6 Duty of care Duty of loyalty Property TERM 7 Duty of Care DEFINITION 7 Degree of skill, caution, and diligence, that one would use in handling corporate affairs TERM 8 Duty of Loyalty DEFINITION 8 Degree of good faith when handling corporate affairs- self dealing leads to breach of fiduciary duty TERM 9 Property DEFINITION 9 Boards do not own assets - public does When nonprofit organization dissolves, the Orphans' Court must approve asset distribution. Trustees are accountable for charitable assets TERM 10 Conflict of Interest DEFINITION 10 Trustee must disclose: interest with respect to any transaction financial business or personal interest family has a financial or personal interest competitor has an interest TERM 21 Basic Structure of Committee DEFINITION 21 Executive Nominating Development Finance Planning Ad-Hock TERM 22 Ad-Hock Committee DEFINITION 22 Committee set up on as needed basisCan include committees such as, special campaigns and events TERM 23 What Comprises of Board DEFINITION 23 Show diverse and reflect the community TERM 24 Board Members with conventional wisdom should... DEFINITION 24 Contribute funds Obtain funds from other sources Provide professional expertise Lend credibility to an organization TERM 25 Board Communication and Professional Development DEFINITION 25 week 3 TERM 26 3 Tips for Board Communications DEFINITION 26 Timely Transparent Relevant TERM 27 5 Suggestion from a Trustee DEFINITION 27 Aggregate Communication - dont send lots of bullshit emails Prioritize Communication Simplify Be Specific Clear Goals and Values TERM 28 YNPN DEFINITION 28 young nonprofit professionals network engages and supports future nonprofit leaders through professional development networking and social opportunities TERM 29 11 tips by YNPN DEFINITION 29 Find Mentor No age limit to Mentor Reflect on where your leadership is going Join Board of DIrectors Communicate leadership involvement with employer Be proud of your training you have received Become an expert Invite yourself to everything and make contributions Do a good job in your current position Ask lots of question 11.Find your true passion TERM 30 Board and Fundraising DEFINITION 30 week 4-1 TERM 31 What is the Board Member Handbook and what Percentage of the Final Goal? DEFINITION 31 Include fundraising realities every board member must face by David Landsdowne Covers responsibilities of each board member to both give and solicit gifts Reasonable goal is for insiders to provide up to 20% of the final goal of a campaign TERM 32 Gifts from Individuals DEFINITION 32 85% (actually 65%) TERM 33 90/10 rule DEFINITION 33 90% of money from gifts will be from 10% of donors TERM 34 Board Members participate in events by... DEFINITION 34 Attending Selling tickets or tables Bringing friends Buy raffle tickets Bid/ donate auction items TERM 35 Meetings and Agendas DEFINITION 35 week 4-2
