Remove Consultant Remove Ethics Remove Liability
article thumbnail

The 10 roles and responsibilities of a nonprofit Board of Directors

Get Fully Funded

They don’t understand their fiscal or legal responsibility nor their ethical responsibility. Ensure Legal and Ethical Integrity and Maintain Accountability The Board is responsible for making sure that the nonprofit operates with the laws that govern it at the local, state, and national level.

article thumbnail

Which of Your Fundraising Events Need Online Waivers?

Get Fully Funded

To protect your organization from legal liabilities, you can incorporate online waivers into this process. Waivers are intended to protect the organization from potential risks and liabilities they could incur if a participant gets injured during the event, for example. The Bottom Line.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security: The Scary Part of Cloud Computing

Tech Soup

IntrapriseTechKnowlogies specializes in nonprofit IT and financial consulting. To tell you the truth, I'm still not that clear on the difference between confidentiality and privacy, nor the difference between ethics and morals, but perhaps in time. The Greatest Security Risk to Nonprofits.

article thumbnail

The Essential Roles of a Trustor and Trustee

Planned Giving

Consulting with an estate planning attorney or financial advisor will help you navigate the complexities of its creation and management. Adhering to Fiduciary Duties: Trustees must act in the best interests of the beneficiaries and comply with all legal and ethical obligations. Proper planning can help minimize tax liabilities.

article thumbnail

Master Nonprofit Financial Statements

DoJiggy

The board oversees the organization’s financial practices, ensures ethical management, and maintains fiscal responsibility. Liabilities are what your organization owes to vendors, employees, or others. Net Assets are the difference between your assets and your liabilities.