Let Them Play FUN Board Games
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Recently what has been the perceived role of a board of directors has shifted from fundraising to governance and fiscal responsibility. I say perceived because legally governance and fiscal responsibility have always been the role assigned to boards of directors. That sort of serious sounding focus really provides a disincentive to serving on a non-profit board. Think about how much more fun serving a non-profit would be if the focus was on playing board games! ...
Your Small Non-Profit Needs D&O Insurance Too
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Do I Really Need Directors and Officers Insurance? You may hear about Directors and Officers Insurance (D&O) and think only really large non-profits that deal with hundreds of millions of dollars in transactions a year, engage in complex business dealing or are exposed to risk, (like hospitals), require that type of insurance. According to Nonprofits Insurance Alliance Group which primary covers small to medium sized non-profits, the vast majority of legal actions brought against non-profits ...
MOU vs Contracts
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Non-profit organizations frequently enter into memorandum of understanding (MOU) relationships so it is important to understand the difference between them and contracts. In simple terms, an MOU is generally not legally binding while a contract is. The distinction actually comes down to the language used in the terms of a document. So a document can say Memorandum of Agreement on the top, but the terms set out by the language in the document may be ...
IKR? I'm keeping an eye on it and if Chrome releases an update that returns the ability to adjust the…