Closing Down the Nonprofit Organization
Whether they’ve fulfilled their mission or become insolvent, a board of directors remains accountable when nonprofits close down. Board members must act in good faith and exercise their requisite legal duties of care and loyalty to the corporation. This may constrain them in what they can do or say to others. Closings may occur in a pressure packed and compressed time frame which can create misunderstandings and heated emotions in what often is a painful and messy process.
Giving by Florida foundations grows
The number of foundations in Florida, and their combined assets and grants, all grew by at least 30 percent between 2001 and 2006, a new report says.
Alabama funders’ giving trails asset growth
While the assets of Alabama foundations grew nearly 40 percent between 2001 and 2006, their grants grew only 13.2 percent, a new study says.
Foundation returns drop, spending rises
Mirroring the weakening economy, U.S. foundations earned less on their investments last year, but they still spent more than in 2006, a new study says.
Gifts up to Canadian community foundations
Despite economic turmoil, Canadians gave $346 million to community foundations in 2007, up 28 percent from 2006, a new study says.
The importance of a gift acceptance policy
Knowing when and why to say ‘no’ to a gift ultimately will serve your nonprofit well, philanthropic experts say.