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9 Best Practices for Strong Nonprofit Financial Management

sgEngage

The laws—and the trust of your donors and funders—say so. Nonprofit financial management also includes the structures and workflows that enable your finance team to operate efficiently and effectively. Here are 9 best practices to help your organization develop strong nonprofit financial management.

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Advancing Equity in Philanthropy with Resolve and Resilience: A Call to Action

sgEngage

The existential need for philanthropy indicates that structures exist that fail to meet basic human needs. Even though laws and structures are often driven from the top down, it is a combination of top-down leadership and grassroots movements that create sustainable change.

professionals

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What grantmaking practices should foundations adopt to best support nonprofit organizations?

ASU Lodestar Center

Foundation leaders need to understand how grantmaking practices affect nonprofit organizations and structure grantmaking practices in ways that best support nonprofit organizations. Mowrer’s Grant-seeking Challenges highlights that funder practices and requirements are considered one of the greatest challenges for grant-seekers.

Adopt 52
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Embracing partnership: A promising paradigm for nonprofit governance 

Candid

The duty of obedience mandates adherence to laws and compliance requirements for nonprofits. For instance, when boards overly prioritize routine tasks like policy development and operational management, they risk missing opportunities for innovation and could fail to address emerging challenges with a holistic perspective.

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5 takeaways on why gender equity matters across issue areas 

Candid

The report offers hypothetical scenarios and real-life examples illustrating the need to apply an intersectional gender equity lens to all philanthropic work, then outlines recommended practices: Women are disproportionately affected across issue areas Why would prioritizing gender maximize impact in every funding area?

Issue 52
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Run a Productive, Fun Nonprofit Board Meeting

Get Fully Funded

There are two things that can help A LOT here: organizational by-laws and Board member job descriptions. By-laws What do by-laws have to do with Board meetings? If your by-laws do NOT include these things, you and your Board need to make this a priority to create these policies and amend your by-laws as soon as possible.

Fun 98
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How to Create a Volunteer Handbook Your Volunteers Will Use

Get Fully Funded

If your organization relies on volunteers, even just a little, you need a volunteer handbook that spells out expectations, policies, and procedures. You also need a targeted recruiting process, an onboarding process, an orientation, volunteer management practices, and volunteer recognition. Most volunteers don’t know the law exists.

Volunteer 119