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Board Governance Series-Part 3: Fulfilling Your Fiduciary Role for Nonprofit Success

October 16, 2024 11:00 AM - 12:30 PM (MST)

Description

As a board member or executive director, your fiduciary responsibilities are critical to the financial health and success of your nonprofit. Join us for a dynamic session designed to deepen your understanding of the essential fiduciary duties that nonprofits and their boards must uphold to ensure accountability and drive meaningful change within our communities.

In this session, we’ll explore the fundamentals of what defines a nonprofit, the unique characteristics that set them apart, and the fiduciary oversight required to ensure their financial stability—especially within Arizona. We’ll also take a closer look at the nonprofit growth cycle, giving you a clear picture of how organizations evolve and what that means for your financial and strategic planning.

Most importantly, we’ll focus on the board of directors’ (or trustees’) fiduciary role, breaking down the key responsibilities of financial oversight, legal compliance, and accountability that every board should prioritize to ensure organizational success. You’ll walk away with actionable insights into how to fulfill your fiduciary duties, strengthen governance, and lead your organization with integrity and purpose.

Key Takeaways:

  • Gain a deeper understanding of what defines a nonprofit and the fiduciary responsibilities that drive ethical financial management.
  • Learn about the primary funding sources for Arizona nonprofits and strategies for maintaining financial sustainability.
  • Explore the nonprofit growth cycle and how it informs your organization’s financial and strategic direction.
  • Clarify the critical fiduciary roles and legal responsibilities of a nonprofit board of directors or trustees.
  • Discover the key functions of an effective board and how they ensure compliance, transparency, and financial oversight.
  • Learn strategies for governance and decision-making that will empower you to lead with financial accountability and impact.

Whether you are new to being a board member, are thinking about board service, or are a current board member seeking clarity on fiduciary responsibilities, this three-part series is designed to equip you with the knowledge and tools needed for exceptional nonprofit leadership.

October 2 - Session 1 (must register separately)

Fundraising Responsibilities - Jennifer Purcell, AZ Impact for Good

Nonprofit Sector Insights - Jennifer Purcell, AZ Impact for Good

October 9 - Session 2 (must register separately)

Legal Responsibilities - Mary Dowling, Tovella Dowling, PC

October 16 - Session 3 

Fiduciary Responsibilities - Kristen Wilson, AZ Impact for Good


 Stay tuned for the upcoming sessions to continue your journey in nonprofit excellence!

Cost: 

Members: $0

Prospective Members: $25 per session 

  • *In many cases membership may be less than the cost of a few workshops, and provide a lot more benefits to you and your organization, please contact Member Services for more information and potentially check out this event at no cost - membership@azimpactforgood.org.

Location

Virtual

Note: This is a virtual event. Zoom details will be sent to you via email once you complete your registration.

Pricing

Cost: 

Members: $0

Prospective Members: $25

  • *In many cases membership may be less than the cost of a few workshops, and provide a lot more benefits to you and your organization, please contact Member Services for more information and potentially check out this event at no cost - membership@azimpactforgood.org.
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Contact Information

AZ Impact For Good
Name: AZ Impact for Good Events Team
Email: events@azimpactforgood.org
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