Nonprofit Organizations

A Model Nonprofit Investment Policy that includes provisions for an investment committee, asset allocations, diversification, investment restrictions, and reporting.

This Top Ten is based on discussions with a few of the author's nonprofit general counsel friends, as well as his experience in working as outside counsel for organizations that recently hired new in-house counsel. While not comprehensive, it hits those important points to consider in your first weeks and months on the job.

Nonprofit organizations continue to grow in number; in doing so, they have attracted scrutiny and are no longer able to "relax" when it comes to corporate governance. This article distills those governance practices that are most applicable and easily adapted by nonprofits, and provides examples of relevant governance documents that can be adapted to any nonprofit with minimum effort.