dcsimg

Non-Profit Boards Require Members to Donate, Survey Says

Lora Bentley

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.


Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 

By submitting your information, you agree that itbusinessedge.com may send you ITBbusinessEdge offers via email, phone and text message, as well as email offers about other products and services that ITBbusinessEdge believes may be of interest to you. ITBbusinessEdge will process your information in accordance with the Quinstreet Privacy Policy.




Add Comment      Leave a comment on this blog post

Post a comment

 

 

 

 


(Maximum characters: 1200). You have 1200 characters left.

 

null
null

 

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 

By submitting your information, you agree that itbusinessedge.com may send you ITBbusinessEdge offers via email, phone and text message, as well as email offers about other products and services that ITBbusinessEdge believes may be of interest to you. ITBbusinessEdge will process your information in accordance with the Quinstreet Privacy Policy.

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 

By submitting your information, you agree that itbusinessedge.com may send you ITBbusinessEdge offers via email, phone and text message, as well as email offers about other products and services that ITBbusinessEdge believes may be of interest to you. ITBbusinessEdge will process your information in accordance with the Quinstreet Privacy Policy.


×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.