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4 Ways to Unlock the Potential of Your Nonprofit Finance Team to Become World Class

Blackbaud

A good finance team will make sure bills are paid on time, reports are accurate, and the Board of Directors has access to the current financial statements. A good finance team will help you stay where you are. A good finance team will help you stay where you are. A world-class finance department will help you evolve.

Finance 98
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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Financial Accountability: Donors, grantors, and the public trust nonprofits to manage their finances responsibly. Strong internal controls promote financial transparency and accountability, demonstrating that funds are being used ethically and effectively.

Policy 73
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Mitigating Fraud at Your Not-For-Profit: Lessons Learned

Blackbaud

During the recent webinar, Unmasking Fraud in Not-for-Profits: Five Key Schemes and Five Preventive Steps , we engaged with hundreds of accounting and finance professionals from not-for-profit entities across the country. Hire a cybersecurity specialist to conduct penetration testing, also known as ethical hacking.

Policy 94
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What Are the Roles and Responsibilities of a Nonprofit Governing Board?

Grant Writer Team

The board approves budgets, reviews financial reports, and ensures proper controls are in place to keep finances in check. Risk Management From finances to reputation, the board identifies and mitigates risks. Governance & Ethics Boards set policies that keep operations ethical, legal, and mission-aligned.

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How organizations are advancing digital financial inclusion

Candid

Their deep roots in local contextsand long-standing connections, understanding, and trust among the populations they serveposition them to make digital finance more inclusive, relevant, and accessible. Increasingly, theyre taking on more dynamic roles: designing tools, shaping implementation strategies, and informing policy frameworks.

Policy 52
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Key Qualities and Skills to Look for in Potential Board Members

Blue Avocado

Each board member may bring a specific skill or may be a generalist, but in the aggregate, the board provides a full set of business skills to ensure that the executive director is employing best practices — whether it’s finance, budgeting, strategic planning, change management, or succession planning.

Ethics 116
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Due diligence is a two-way street

Strategic Grants

Some for-purpose organisations will have clear guidelines in their gift acceptance policy and related processes to effectively make this assessment. Ethics Check : Verify alignment with your organisation’s mission and values. Reputation Check : Assess potential impact on reputation of your for-purpose organisation.

Ethics 105