Budgeting a fine art for NGOs operating internationally

This article appeared previously in Canadian FundRaiser Sometimes being the mouse sleeping with the elephant is more hazardous than other times. For example, right now, most Canadian not-for-profits collecting donations from their generous fellow citizens to "do good" beyond our...

Rebuilding after the storm

A good friend has asked you to join the board of directors of a well known nonprofit. After the first meeting you realize this once flourishing organization is trapped in a blizzard of financial mismanagement. Or perhaps you were the...

Potential for director’s liability substantial

Charitable and nonprofit organizations in Canada are facing a wide variety of legal issues. Sometimes, these issues are of the organization's own making through inadvertence, negligence or misunderstanding, and they may, as a result, be involved in legal proceedings they...

Financial responsibilities of not-for-profit boards

Roles and Responsibilities The management of an organization's finances is one of the least understood, yet most important responsibilities of a board member. This responsibility is on two levels - as an individual board member and as a board collectively....

Examining your investment strategy

Analysts and critical observers of foundation and endowment funds comment that the related assets should not be managed or thought of in the same way as pension funds. This can happen easily, because the financial executive in many not-for-profit entities...