Many—if not most—nonprofits are stretched for time and money and operate on a “do more with less” mentality accordingly. But experts say that can be a recipe for disaster, because major, long-term action items might be ignored while more urgent issues receive the organization's focus—even if these issues are not as important in the long run.
With all of the talk about advancements in artificial intelligence, it's likely that your board has pondered how AI might be leveraged to improve board activities and operations—and with good reason.
The latest data show that American grantmaking institutions are making some headway in their efforts to diversify when it comes to their staff and senior leadership, both in terms of race and gender. That's according to the Council of Foundation's recently released 2024 Grantmaker Salary and Benefits Report, which includes information from 1,006 grantmakers for 11,380 full-time staff members.
Engaging in strategic planning offers a slew of benefits for nonprofit organizations. But one upside that perhaps doesn't get mentioned as much is the role it can play in strengthening the relationship between the organization's executive director and its board, according to Jonathan Poisner, strategic planning consultant and author of Why Organizations Thrive: Lessons from the Front Lines for Nonprofit Executive Directors.
Many nonprofit boards have an audit committee, in accordance with widespread recommendations for ensuring financial accountability and transparency, but don't actually task it with doing much more than hiring outside accounting and auditing firms to check the organization's books.
Organizations of all types—nonprofit and for-profit alike—are seeing a growing portion of their workforce hail from Gen Z, the oldest of which are now in their mid-20s. Experts say this group faces some particular challenges as they enter the workforce, largely due to transitions in the workplace and society more broadly.
There's plenty of advice on how to recruit new members to your board. But there's less attention paid to the specific steps that organizations should follow when voting on these new prospective board members.
The TD Charitable Foundation, the philanthropic arm of TD Bank, is currently accepting applications for grant funding under its Nonprofit Training Research Fund, which the foundation stablished with the goal to support the professional development and continuing education of nonprofit staff.
This time of year, many nonprofit board members are busy writing thank you notes to donors—a task that nearly all board members welcome because it doesn't involve asking anyone for money.
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