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Let's talk Governance!
A strategic board has a view of looking ahead, an insight to look deeper, and competency to look beyond.
Pearl Zhu, Digitizing Boardroom: The Multifaceted Aspects of Digital Ready Boards
One of the most critical aspects of our work is to steward the gifts of our members from the moment we receive donation through the final grant disbursement. When it comes to proper procedures and practices, we must protect our leaders and the funds entrusted to our organization.
Although you will likely have an attorney or accountant on your board lead this effort, strong governance is a vital part of your work and the responsibility of every leader.
As a qualified nonprofit under IRS code 501(c)3, collecting and distributing hundreds of thousands of dollars each year, your Impact100 chapter requires strong governance. You will want an attorney or accountant with nonprofit experience on your team to ensure you are adhering to the legal and operational standards.
This section is designed to alert you to some of the areas you will need to be aware of, please do not mistake this information as legal advice. Impact100 Global Advisory Council recommends you seek guidance from your local attorney.
DISCLAIMER: Impact100 provides this information purely for educational purposes and discussion. It contains only general information about legal matters. It is not legal advice and should not be treated as such. You must not rely on the information on this website as an alternative to legal advice from your attorney or other professional service advisors. If you have specific questions about any legal matter you should consult your attorney and other professional service advisors.