Remove Finance Remove Liability Remove Policies
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5 Legal Issues For NPOs Using ChatGPT

The NonProfit Times

Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk.

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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement. Staff compensation.

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Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

In short, the board’s duty is to deal with the policies and the “big issues.” The staff, as led by the executive director (president, CEO…) implements that policy: the tactical three-foot view. Program volunteers will also have policy implementation duties. Think strategic, 3,000-foot view.

Finance 52
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An Essential Guide to Nonprofit Financial Management (Best Practices and Tips)

DoJiggy

Nonprofits demand more from managers, especially when it comes to finances. Your nonprofit needs to manage its finances responsibly to be prepared for these thin donation times. You also need policies to stay up-to-date with compliance and reporting requirements. Managing a nonprofit organization has its unique challenges.

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The Quick Guide to Nonprofit Board Responsibilities

Qgiv

Obedience The duty of obedience requires your board members to adhere to your organization’s mission, bylaws, and policies. Policy board model The policy board model focuses on setting policies and strategic direction for your organization so your staff can focus on operational management.

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Security: The Scary Part of Cloud Computing

Tech Soup

NTEN chose him to present on cloud security and financing because he has a unique blend of accounting expertise, technology know-how, and nonprofit industry understanding. If there is a security breach by one of your cloud vendors, primary liability for sensitive data rests with your organization - not the cloud vendor.

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Importance of Estate Planning: Why You Need an Estate Plan

Planned Giving

If you’re not able to make decisions for yourself because of an illness or ailment, your chosen representative steps in to handle your finances and make medical decisions. It’s like an insurance policy for your life, not just your death. Power of Attorney This is where you pick your stand-in; your understudy, if you will.