"A good reputation allows nonprofits to attract more funds" Source: Why Nonprofits Should Use Reputation Risk Management
Enhance your nonprofit's reputation and you enhance its value to donors and beneficiaries. As a director, you know how a good reputation can increase trust and attract more donors, bring knowledgeable directors aboard, and further your mission.
Using a fiduciary process to manage the assets of your foundation, endowment or trust increases accountability and transparency and helps realize your mission. Achieving certification will strengthen your reputation. But your first step is training.
Many trustees, board members and investment committee members are unaware of their fiduciary duties and responsibilities. If you're in a decision-making role (e.g., board member), you are a fiduciary to the nonprofit and it is up to you to ensure that decisions are being made in the best interest of the nonprofit's mission and its beneficiaries. You should be able to answer these key questions:
If you are uncertain about the answers to these questions, Fiduciary Essentials can help!
Donors assess a nonprofit's reputation, transparency, and how well it is managed. Nonprofit fiduciaries can turn to Fiduciary Essentials® for Foundations and Endowments (FEFE) to learn how to improve your fiduciary decision-making process and protect the nonprofit's reputation.
The Fiduciary Essentials® for Foundations & Endowments course is designed to help fiduciaries and others involved in the investment process improve their fiduciary decision-making and reduce the overall risks associated with managing the nonprofit’s assets.
Delivered within 3 or 4 hours, you will learn:
Fiduciary Essentials® is the first step in prudently managing your nonprofit:
Fiduciary Essentials® workshops for board directors and investment committee members are available:
For more information, please contact Carlos Panksep, VP CEFEX at email@example.com or 416-693-9733.