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Published: February 19, 2020
Updated: February 19, 2020
Board members provide organizational guidance to help facilitate a not-for-profit organization's (NPO) mission and goals, whatever they are. It's rewarding but challenging—especially when there is misalignment between what's good for the business and what's good for the cause.
3 ways to maximize a not-for-profit's impact
As a board member, your responsibility is to consider the long-term health of the not-for-profit organization (NPO) so it can keep doing good in the community. With that in mind, here are three ways you can help maximize the NPO’s value.
1. Push for managing donor expectations
Most donors want to know that all the money they give goes toward the effort. They need to know that part of the NPO’s effort includes:
2. Push for financial prudence
You’re a major donor loss or policy change away from a big problem: not having the funds to keep doing good. Yes, you have to spend money to raise money. But be selective so you can:
3. Push for transparency
Millennial donors see doing good and acting good as one. They place a huge emphasis on trust and openness, and they know how to find whatever you choose to hide anyway. So you should be ensuring:
Content adapted from “Nonprofit heart, business mindset: maximizing good” by BDO USA.