As charitably inclined individuals explore ways to deepen their philanthropic engagement, a common question that arises is whether they should join a nonprofit board. This is a significant decision that involves a commitment of time, treasure, and talent. Let’s delve into what it means to be a board member and how you can ensure your involvement is both impactful and fulfilling.

Understand the Commitment

Joining a nonprofit board is not a decision to be taken lightly. The expectations and responsibilities can vary widely depending on the organization’s size, age, and mission. Generally, board members are expected to attend regular meetings, which could be monthly or quarterly, and participate in one or more subcommittees. These subcommittees—such as fundraising, finance, audit, or programming—are where much of the board’s work gets done between meetings.

For newer, smaller grassroots organizations, board members often play a more hands-on role, sometimes even assisting with day-to-day operations. This type of “working board” requires a significant time commitment but offers the opportunity to make a tangible impact. On the other hand, more established institutions, like well-known cultural or educational organizations, typically have “governance boards” that focus on oversight and strategic direction. These boards usually meet less frequently and have a more structured approach to their subcommittee work.

Align with the Mission

Before committing to a board, it’s crucial to ensure that you genuinely believe in the organization’s mission. This alignment is essential because the role will demand a considerable amount of your time and energy. Reflect on your passions and consider where you can make the most significant difference. For some, this might mean contributing to a large, well-established nonprofit. For others, it could involve supporting a smaller, grassroots organization where your efforts can have a more immediate and visible impact.

The Fundraising Factor

One of the most critical aspects of being a board member is fundraising. Many boards have a “give or get” policy, which means members are expected to either donate a certain amount themselves or raise that amount from others. This requirement can range from hundreds to thousands of dollars, depending on the organization’s size and scope.

When considering a board position, it’s essential to ask about the fundraising expectations. Understand not only the financial commitment but also the type of fundraising activities involved. Some organizations may focus on large annual galas, while others might rely on smaller, more frequent events or campaigns. Ensure that the fundraising methods align with your skills and comfort level.

Leveraging Your Skills and Network

As a prominent member of your community, you bring valuable resources to the table beyond just financial contributions. Your professional skills, business acumen, and extensive network can be incredibly beneficial to a nonprofit. Consider how you can leverage these assets to support the organization’s mission. Whether it’s providing strategic advice, offering pro bono services, or connecting the nonprofit with other potential donors and partners, your involvement can significantly enhance the organization’s effectiveness.

Evaluating the Organization

Before joining a board, conduct thorough due diligence on the organization. Review its financial health, governance structure, and track record. Speak with current and former board members to get a sense of the board’s dynamics and the organization’s culture. Ensure that there is transparency in their operations and a clear plan for how they intend to achieve their goals.

Balancing Time and Impact

One of the key considerations is balancing the time commitment with the impact you can make. For some, the hands-on involvement required by a grassroots organization is rewarding and aligns with their desire to see immediate results. For others, contributing to the strategic direction of a larger institution may be more fulfilling. Reflect on your personal and professional commitments and determine how much time you can realistically dedicate to board activities.

If you’re seriously considering joining a board, here are some essential questions to ask:

  • What are the responsibilities and expectations? Have a detailed conversation with the organization about what is expected of you.
  • Am I passionate about this mission? Your enthusiasm for the cause will be a catalyst for your effectiveness and satisfaction.
  • What is the time commitment? Understand how often meetings are held and what additional time commitments are required.
  • Are there term limits? Know how long you are expected to serve and whether there are opportunities for renewal.
  • What are the fundraising expectations? Clarify the financial commitments and the types of fundraising activities involved.
  • Do they have Directors and Officers (D&O) Insurance? Ensure you are protected as a fiduciary of the organization.
  • What are the risks? Assess the financial health of the organization and understand any potential liabilities.

Approach Board Work Wisely

Joining a nonprofit board can be a deeply rewarding experience, offering the chance to make a meaningful impact on a cause you care about. However, it’s essential to approach this decision thoughtfully. By understanding the commitment involved, aligning with the organization’s mission, and leveraging your unique skills and resources, you can ensure that your board service is both impactful and fulfilling.

As you consider this path, remember that your time, treasure, and talent are invaluable assets. Use them wisely to support the causes that resonate with you and to help build stronger, more resilient communities. Whether you choose to engage with a grassroots organization or a well-established institution, your contribution can make a significant difference.

Author
Jordan Forney
Principal—Bernstein Wealth Advisor

The views expressed herein do not constitute, and should not be considered to be, legal or tax advice. The tax rules are complicated, and their impact on a particular individual may differ depending on the individual’s specific circumstances. Please consult with your legal or tax advisor regarding your specific situation.

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