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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.

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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.

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The Essential Roles of a Trustor and Trustee

Planned Giving

Both parties are crucial in ensuring the trust is maintained according to the specific guidelines set out in the trust documents. All these details are documented in a trust agreement or declaration of trust. Draft the Trust Agreement: Work with an attorney to create a comprehensive trust document.

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The Quick Guide to Nonprofit Board Responsibilities

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At its core, your board is responsible for steering your nonprofit towards achieving your goals while ensuring legal and ethical integrity. This duty reinforces your board’s commitment to upholding your organization’s purpose and ensuring legal and ethical compliance.

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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.