Purpose-Driven Board Leadership, Legally Speaking

Last month, the Stanford Social Innovation Review published a groundbreaking article on nonprofit governance authored by Anne Wallestad, CEO of BoardSource: The Four Principles of Purpose-Driven Board Leadership. The article focuses on the board’s obligation to prioritize decision-making and direction-setting on the organization’s charitable purpose, even ahead of the...

Board Member Rights and Non-Rights

A board of directors is the ultimate authority of a nonprofit corporation, but that doesn’t mean any individual director (board member) holds such authority or really any inherent authority over the corporation, subject to some very limited exceptions. The following lists of board member rights and non-rights are based...

Anchoring Equity in a Mission Statement

Charitable nonprofits are organized and operated to further their tax-exempt missions. For some nonprofits, their mission statement is memorialized in their articles of incorporation and/or bylaws. For others, the mission statement can only be found on their public communications (e.g., website), fundraising materials, and annual information returns (Forms 990)....