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Non-Profit Boards Require Members to Donate, Survey Says

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It seems non-profits aren't just restructuring their boards and revamping accounting processes to meet Sarbanes-Oxley Act standards. Nevermind that Sarbanes-Oxley doesn't specifically apply to non-profits. More and more, they're also requiring investment like for-profit companies do.

 

According to The Non-Profit Times, which cites a National Board Governance Survey for Not-for-Profit Organizations, more than 50 percent of respondents require their board members to make significant contributions, much like for-profit companies require their board members to purchase stock.

 

Accounting firm Grant Thorton received 603 responses when it conducted the survey in September, the story says, and the fact that 56 percent require donations signals the beginning of a trend that will continue to grow.

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