Posted: July 9th, 2022

Nonprofit organizations exist today within an era of declining resources. These organizations must consider a variety of options for raising funds. However they must also possess a working knowledge of their fiduciary responsibilities in managing the funds they raise.

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Nonprofit organizations exist today within an era of declining resources. These organizations must consider a variety of options for raising funds. However they must also possess a working knowledge of their fiduciary responsibilities in managing the funds they raise.
Post an explanation of how nonprofit organizations generate the funds required to build sustainable organizations. Furthermore, explain how they provide oversight to ensure that those funds are used to advance the mission and vision of their organizations.
As you consider your response, research the course resources and/or other academic/professional peer-reviewed literature. In your post, cite a minimum of 2–4 specific (Given Below), evidence-based best practices that you might use to provide appropriate oversight to an organization’s fundraising and financial activities.
References:
BoardSource. (2010). The handbook of nonprofit governance. San Francisco, CA: Wiley.
Chapter 8, “Financial Oversight” (pp.145–166)
Chapter 9, “Fundraising” (pp.167–188)
BoardSource. (2016, May 7). Fiduciary responsibilities. Retrieved from https://boardsource.org/resources/fiduciary-responsibilities/
BoardSource. (2016, June 1). Board members and personal contributions. Retrieved from https://boardsource.org/resources/personal-contributions/
Hopkins, B. R. (2013). Wiley nonprofit authority: Bruce R. Hopkins Nonprofit Law Library: Essential questions and answers.Somerset, NJ: John Wiley & Sons.
Chapter 12, “Fundraising Regulation” (pp. 309–340)

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