article thumbnail

Financial Oversight Guidelines for Nonprofit Boards

The Charity CFO

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. And they create a lot of confusion for people new to the nonprofit sector. Nonprofits are fundamentally different from other businesses. What is Financial Oversight?

article thumbnail

Conflicts of Interest: Why it’s Important and How Often it Should be Done

The Charity CFO

Addressing conflicts of interest in a nonprofit is essential for success. It directly impacts the credibility, public trust, and overall effectiveness of the nonprofit in achieving its mission. An example of a potential conflict of interest in a nonprofit is when a church accepts pass-through gifts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Ways Nonprofits Can Start Using AI in 2024

Nonprofit Tech for Good

By Kyle Behrend — a seasoned not-for-profit professional dedicated to educating and empowering nonprofits with AI through NFPs.AI. The nonprofit sector, often stretched for resources and expertise, is uniquely positioned to benefit from the efficiencies and opportunities offered by Artificial Intelligence (AI).

article thumbnail

Economic Justice: Nonprofit Leaders Speak Out

NonProfit Quarterly

Image credit: Yuet Lam-Tsang Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” W hat would a nonprofit sector that pursued economic justice look like? The other five work for nonprofit intermediary organizations. Two of them—Dr.

article thumbnail

How to find free things: nonprofit students edition 

Candid

As a nonprofit management student, preparing to enter this field can be challenging because it’s still developing. The University of San Francisco was the first school to offer a Master’s in Nonprofit Administration less than 40 years ago, and the first School of Philanthropy was created just nine years ago at Indiana University.

article thumbnail

Fundraising Is the Most Transferable and Relevant Skill for Your Life and Your Resume

Nonprofit Fixer

After 30 years in nonprofit leadership, I’ve come to believe that there is one key skill that can boost your personal and professional success. Even though we don’t talk about it much in the nonprofit sector, fundraisers also require an entrepreneurial mindset. This requires prioritization, management, and dependability.

article thumbnail

Artificial Intelligence and Machine Learning: Common Challenges

Nonprofit Marketing Insights by GlobalOwls

These technologies are more than just catchphrases; they reshape hub industries like retail, healthcare, and finance. This lack of model interpretability and explainability presents challenges for organizational adoption, especially in sensitive domains like finance and healthcare. Chapters Artificial Intelligence: What Is It?