“Know Your Donors” Best Practices for Nonprofit
Lee Kirschbaum | October 31, 2016
The hard work that goes into fundraising and executing on core missions can take up most of a nonprofit organization’s time and efforts. In some cases, oversight of third parties — including the vetting of donors — can unfortunately go overlooked. This is problematic because, just like for-profit companies, nonprofit organizations face a multitude of reputational, regulatory, and operational risks that stem from their relationships with their third parties and donors.