Compensating Nonprofit Board Members

Many of us serve as volunteer board members of a charitable nonprofit organization. But some nonprofit board members get paid for their service. There are strong feelings about the propriety of compensating nonprofit board members that are worth exploring before arriving at any conclusions. The Law Federal tax laws...

BoardSource: Putting Purpose First

Late last year, BoardSource published an important new book on nonprofit governance, Putting Purpose First: Nonprofit Board Leadership Today. The book incorporates the governance framework first introduced in the article The Four Principles of Purpose-Driven Board Leadership written by BoardSource CEO Anne Wallestad for the Stanford Social Innovation Review....

Bylaws: Indemnification

Indemnification in the context of nonprofit bylaws generally refers to how the nonprofit will protect its directors and other agents in the event they are sued for acting in their capacity as agents of the nonprofit. More specifically, indemnification is an assurance by the organization to make good an...

Key Nonprofit Governance Report: Leading With Intent

Last week, BoardSource published its highly anticipated governance report Leading With Intent: BoardSource Index of Nonprofit Board Practices. This report highlights the results of BoardSource’s latest biennial study on nonprofit governance structures, practices, and performance. Key Findings Boards are disconnected from the communities and people they serve. Almost half (49%)...

One Hour Nonprofit Legal Audit

Here are five key compliance areas a nonprofit public charity can review in one hour. If there are past compliance issues, it would be best to confer with a knowledgable attorney. But ensuring that you are doing these things correctly moving forward will strengthen your organization and your confidence...

Georgetown Nonprofit Governance 2021 – Part 2

This is our second post on Georgetown Law’s annual nonprofit governance conference held virtually last week – 2021 Nonprofit Board Governance: Identifying Issues, Assessing Effectiveness, Managing for Organizational Success. Here are more highlights from Day One: The Board’s Role Anne Wallestad, CEO of BoardSource, discussed the role of the board of...