One of the most challenging obstacles for a nonprofit organization is the implementation of a viable board and governing body that will be best suited to lead the organization, fulfill its mission and sustain financial viability. Each director – existing and prospective – needs to understand their individual and collective roles and responsibilities to ensure the organization’s success. Do you have a Board Position Description?
A strong, engaged, and active board is critical to the long-term success of any nonprofit organization. It is crucial to engage the Board to be sure they understand their role which includes attending and supporting fundraising events, making a financial gift to the organization, and playing a role in donor development. The Board must be engaged and united for a sustained effort on getting to know donors.
The cornerstone of fundraising and development is building relationships, and this process starts with the Board. This should not be a stand-alone function left to fundraising staff but should be approached as a combined effort. Continued active collaboration between the Board and staff is crucial.
Your organization can ensure that the Board is on board by:
- Assessing the current Board composition: Consider expanding the Board and identify which additional skill sets are needed.
- Encouraging the development of active committees. This enables the Board to accomplish its work through smaller, focused groups and capitalize on everyone’s expertise.
- Being sure the Board is engaging their connections such as: members of the local business community as well as representatives of the nonprofit’s stakeholders.
- Asking the Board to set a goal of how much they personally will give to the organization.
- Challenging each board member to raise a specific amount of money – give or get!
What’s the takeaway? For there to be long-term financial success, a strong, active, and engaged board is KEY. Each Board Member must be willing to invest time, talent, and financial resources for the long term.
Geranda Projects is ready to offer its vast, integrated experience to help nonprofits create a strong foundation and inspire them to reach their greatest potential, straight from the heart of their mission.
Expert services include strategic planning, board development and enrichment, building organizational capacity, annual budget analysis and assessments, fund development planning, one-on-one coaching and educational workshops tailored to meet the organization’s needs.