To remain financially viable and meet its purposes, your social impact organization must have adequate financial resources.
Although the board can and should expect much of the chief executive and management on this score, the board is chiefly responsible for ensuring the organization has the funds it needs and does not spend beyond its means. Here, setting up a board fundraising policy can clearly communicate the amount board members are expected to contribute to the organization in the coming year and how they will participate in the fundraising efforts of the organization.
Read this resource written by BoardSource to learn more about the key elements in board fundraising policies and start your own policy with the sample provided.
Want to learn more about engaging your board for better fundraising efforts? Read our guide here.
Take a look at our other resources curated for social impact organizations here.
