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According to BoardSource , the board [of directors] is responsible for ensuring that the organization is appropriately stewarding the resources entrusted to it and following all legal and ethical standards. Understand the issues that could impact their nonprofit agencys finances (e.g., braided funding strategies, direct v.
This can include finance staff, grant writers, program staff, consultants, and grant administrators (among others). Best practices in ethical grantsmanship indicate all nonprofits should adopt a COI/FCOI policy and procedures for ethical and compliant grant management. Identify standard elements of compliance Skill 5.2:
In addition, the team should understand the legal and ethical requirements for managing grants, which can vary based on the source and scope of funding. Building the Team When your organization decides it’s time to pursue grants, there are several players that will be on the starting lineup, playing to the strengths of each position.
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