February 26, 2015

New Charity Guidelines Deal With Online Fraud, Overhead, and Executive Pay

From the Chronicle of Philanthropy:

In a continued effort to self-regulate, Independent Sector, a membership organization of nonprofits, today released a set of 33 principles for charities to follow when their members meet in the boardroom, solicit donors, manage their operations, and report their finances.

Principles for Good Governance and Ethical Practice: A Guide for Charities and Foundations” is an update on a similar set of guidelines the group compiled in 2007.

The guidelines were vetted by an advisory panel that included foundation presidents, legal experts, academics, and members of charity-oversight groups. The principles offer guidance on executive compensation, online fundraising, financial management, and other issues facing nonprofits.

Click here to continue reading on the Chronicle of Philanthropy website.