not-for-profit's impact:
maximize a
3 ways to

As a board member, your responsibility is to consider the long-term health of the not-for-profit organization (NPO) so it can keep doing good in the community. With that in mind, here are three ways you can help maximize the NPO’s value.

Most donors want to know that all the money they give goes toward the effort. They need to know that part of the NPO’s effort includes:

Push for managing donor expectations

The reason: You need good people, and they need good reasons to stay.

Talent

The reason: Noncompliance always costs more and it could shut you down. 

Compliance

The reason: Doing more good for less money is a good investment for NPOs.

Technology

The reason: You’re not too small for fraudsters and cybercriminals to target. You’re likely being targeted now.

Security

You’re a major donor loss or policy change away from a big problem: not having the funds to keep doing good. Yes, you have to spend money to raise money. But be selective so you can:

Push for financial prudence

The reason: Better to have it and not need it than to need it and not have it. 

Maintain an operating reserve

The reason: A dollar saved is a dollar legitimately being put to good use. 

Stay ahead of tax and accounting changes

Millennial donors see doing good and acting good as one. They place a huge emphasis on trust and openness, and they know how to find whatever you choose to hide anyway. So you should be ensuring:

Push for transparency

The reason: Donors want to know what success looks like.

Clear key performance indicators (KPIs)

The reason: People are used to immediate information.

Fast Reporting

The reason: Donors demand more than the minimum required to disclose.

Comprehensive
Reporting

BDO supports not-for-profit boards with a range of accounting and advisory services, including tax compliance, risk assessment, human resources consulting, and more, to help your NPO operate effectively and adapt to changes in the market. Our advisors have real-world experience as not-for-profit board members, executive directors, and managers and understand the issues you face first-hand.

How BDO supports boards of directors

not-for-profit's impact:
maximize a
3 ways to

As a board member, your responsibility is to consider the long-term health of the not-for-profit organization (NPO) so it can keep doing good in the community. With that in mind, here are three ways you can help maximize the NPO’s value.

Push for managing donor expectations

Most donors want to know that all the money they give goes toward the effort. They need to know that part of the NPO’s effort includes:

The reason: You need good people, and they need good reasons to stay.

Talent

The reason: Noncompliance always costs more and it could shut you down. 

Compliance

The reason: Doing more good for less money is a good investment for NPOs.

Technology

The reason: You’re not too small for fraudsters and cybercriminals to target. You’re likely being targeted now.

Security

Push for financial prudence

You’re a major donor loss or policy change away from a big problem: not having the funds to keep doing good. Yes, you have to spend money to raise money. But be selective so you can:

The reason: Better to have it and not need it than to need it and not have it. 

Maintain an operating reserve

The reason: A dollar saved is a dollar legitimately being put to good use. 

Stay ahead of tax and accounting changes

Millennial donors see doing good and acting good as one. They place a huge emphasis on trust and openness, and they know how to find whatever you choose to hide anyway. So you should be ensuring:

Push for transparency

The reason: Donors want to know what success looks like.

Clear key performance indicators (KPIs)

The reason: People are used to immediate information.

Fast Reporting

The reason: Donors demand more than the minimum required to disclose.

Comprehensive
Reporting

How BDO supports boards of directors

BDO supports not-for-profit boards with a range of accounting and advisory services, including tax compliance, risk assessment, human resources consulting, and more, to help your NPO operate effectively and adapt to changes in the market. Our advisors have real-world experience as not-for-profit board members, executive directors, and managers and understand the issues you face first-hand.