Nonprofit organizations exist today within an era of declining resources. These organizations must consider a variety of options for raising funds. However they must also possess a working knowledge of their fiduciary responsibilities in managing the funds they raise. Review this week’s Learning Resources in preparation for the Discussion.
With these thoughts in mind:
Post an explanation of how nonprofit organizations generate the funds required to build sustainable organizations. Furthermore, explain how they provide oversight to ensure that those funds are used to advance the mission and vision of their organizations.
As you consider your response, research the course resources and/or other academic/professional peer reviewed literature. In your post, cite a minimum of 2–4 specific, evidence-based best practices that you might use to provide appropriate oversight to an organization’s fundraising and financial activities.