Advice for Jittery Board Members

This isn't an easy time to be a member of a nonprofit board of directors. Many nonprofits are struggling in this economic downturn and the responsibility of governance can weigh heavily upon the shoulders of a board member. Just as the demand for nonprofit services is rising dramatically, many nonprofits are experiencing decreased charitable contributions and cutbacks in government and foundation funding. As early as December, 2008 a survey found that 52% of nonprofits questioned were already experiencing funding cuts. Since 94% of nonprofits have budgets of less than $1 million any reduction in funding hurts and can result in layoffs, salary freezes or cut programs.

"Facing the Financial Crisis: 10 Smart Things Your Board Can Do Now" from Board Source provides some helpful advice for board members and Executive Directors in these uncertain times.