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Raise the Board’s Financial IQ

.orgSource

But a poor web design won’t get anyone on the bad side of the law whereas ignoring those important statements might. Board members are personally responsible for the organization’s compliance with all applicable laws and regulations. This includes the laws relating to financial reporting and fundraising. Is that even possible?

Raise 419
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Genetic testing company 23andMe declares bankruptcy

Ars Technica

The company has secured enough funding to continue operations while a buyer is found, and even though US law limits how genetic data can be used, the pending sale has raised significant privacy concerns. At stake is the fate of genetic data from the company's 15 million customers.

Test 139
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Should there be some law against raising three times in one year?

TechCrunch

I covered AgentSync for the first time last August , when the API-focused insurtech player raised a $4.4 But then AgentSync raised again in December , sharing at the time of its $6.4 All that must sound pretty pedestrian; a quickly-growing software company raising two rounds? Privacera also raised $50 million this week.

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Strong boards make strong nonprofits: What you need to know

Candid

Federal and state laws require a nonprofit’s board members to assume responsibility for the organization’s well-being–meaning it can be held responsible if something goes wrong financially or operationally. By contrast, a governing board is bound by law to oversee management of the organization. Can we ‘fire’ a board member?

Nonprofit 115
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5 Ways Your Nonprofit Can Use Behavioral Science to Raise More Money Online

Nonprofit Tech for Good

By understanding how people make the decisions they do, your NPO can take strategic steps to raise more money and drum up more support, without running yourself ragged in the process. The field observes and analyzes human relationships through behavioral aspects including geography, biology, law, psychiatry, and political science.

Money 219
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Legl, a SaaS for law firm workflows, tops up with $18M

TechCrunch

Today, London-based Legl — a 2019-founded SaaS startup that sells tools to law firms wanting to digitize processes and automate workflows in areas like client onboarding, payments and compliance to support a more modern customer experience — is announcing the close of an $18 million Series B round, just over a year after it raised a $7M Series A.

Law 96
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Time Running Out To Comply With California Fundraising Law

The NonProfit Times

California’s solicitation laws did not specifically reach online platforms, leaving what state officials called “a gap in the regulatory framework with respect to a fast-growing and highly innovative segment of charitable fundraising.” Wu , a partner in the nonprofit focused law firm Perlman And Perlman. 2] Required Disclosures.