Has that ever been your response, when reading about indemnification for nonprofits? Simply explained, indemnification is the legal procedure by which a corporation reimburses directors, officers, and other agents for liabilities, expenses, and other losses incurred in the event of a lawsuit or other proceeding. This important protection should provide great comfort to the organization’s leaders.
What's your nonprofit's mission? Given the continued talk of reducing charitable tax deductions, along with perennial fundraising challenges, nonprofits these days need compelling mission statements more than ever. How effectively are you communicating your mission to donors and other constituents? At a more foundational level, much effort has your board invested in developing a strong mission statement to serve as its guiding compass?
Rules matter. For nonprofits, bylaws contain their internal governing rules. Viewing a nonprofit as a legal "person," the bylaws effectively function as its "skeleton" -- internally determining how the nonprofit should "move" in its governance and key aspects of its operations.