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In this JDSupra article, it is recommended to ask a few questions before joining a nonprofit board.
The article points out the the risks associated with serving in this important role and that "directors of nonprofit corporations must discharge duties in good faith and in a manner he or she believes is in the best interests of the corporation."
There are nine recommended questions to ask before jumping onto the nonprofit board bandwagon. They cover:
- Indemnification provisions
- Director and Officer Liability Insurance
- Written Conflict of Interest Policy
- Written Data Privacy and Cybersecurity Policies in Effect as Well as Cyber Liability Insurance
- Written Employment Policies
- Written Executive Compensation Policy
- Written Gift Acceptance Policy
- Written Investment and Financial Policies
- Written Checklist Outlining Policies to Govern Annual Filing Requirements
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Social Impact Groups Bolster Leadership 
One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more
One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more
Harvard Business School'S New Venture Competition Awards $225K in Cash Prizes 
"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more
"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more
Adron Boss, Adetola Emmanuel-King, Celebrates New Age
"If you describe the real estate magnate, Aare Adetola Emmanuel-King as a social entrepreneur extraordinaire, you will definitely not be faulted. As the Chairman and CEO of Adron Homes and...more
"If you describe the real estate magnate, Aare Adetola Emmanuel-King as a social entrepreneur extraordinaire, you will definitely not be faulted. As the Chairman and CEO of Adron Homes and...more
Plasticfri, Swedish Eco-Friendly Startup Wins S'Pore Biz Competition
When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more
When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more
Glacier Bank, Federal Home Loan Bank Award $190K to Montana Nonprofits
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
The Our Fund Foundation and Community Foundation of Broward'S 2024 Lgbtq+ Social ...
Foundation: Community Foundation of Broward
Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more
Foundation: Community Foundation of Broward
Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more
School Board Set to Name Superintendent Finalists 
The superintendent of a Georgia school district is stepping down after less than two years on the job. Dalton Public Schools Superintendent Tim Scott, who began in the position in 2018, will take...more
The superintendent of a Georgia school district is stepping down after less than two years on the job. Dalton Public Schools Superintendent Tim Scott, who began in the position in 2018, will take...more
Senate Bill Encouraging Mental and Physical Health Education in Schools Works Its Way ... 
"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more
"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more
Challenges of Hinterland Tourism 
If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more
If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more
During Nysc, I Sacrificed Pleasure, Became Stingy to Grow My Food Business 
When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more
When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.