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100% Personal Board Giving is a Must, by Supporting World Hope

100% Personal Board Giving is a Must is FREE courtesy of Supporting World Hope

1 Lesson / 12 Minutes / FREE

One of the questions I get most often from nonprofit Board Chairs and Executive Directors is should board members be required to give personally?

There are those who feel that because they donate their time and talent to the organization, they should not have to donate money as well.

I don’t agree. It is important that board members give financially to the organization for many reasons.

Board members are considered “family” to the organization and as such, they should lead the way for the rest of the community to give.100% board giving shows that the board is committed to the organization. This is important because several grantmaking Foundations will not give if 100% of your board has not invested financially in the organization. Also, if you have any hope of gifts from individuals 100% of board members should be giving. It is hypocritical for board members to ask others to give financially when they are not giving themselves.

Some boards have a minimum amount that board members need to give. Other boards may choose not to set a required minimum amount as to not limit giving from those who can give more. Another practice is to require board members to give a donation that is a meaningful gift for them. This allows the flexibility of having board members with various income levels the opportunity to serve on your board and support your organization.

The size of the gift is not as relevant as your board members’ understanding that financially supporting your organization is a part of their role as a board member.

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