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I’m A Nonprofit Board Director. Now What?

September 13, 2019

How to determine whether your organization is on track and moving in a healthy direction. As Nonprofit Board Directors, we are often faced with an onslaught of data and information at our board meetings. In addition, we have the ultimate responsibility and accountability for our organization’s actions -- we are the fiduciaries of the organization. Even those board members with the best of intentions have trouble Read More

Filed Under: Nonprofit Governance, Blog

Keeping the Wolf From the Nonprofit Door: Prioritization

September 10, 2019

"This is the LEAST of my worries right now." A number of years ago, I'd been working with a business to assess the risk impact of a technology process and determined we needed to tighten controls to prevent large dollar losses. But when the executive in charge heard the recommendations, he told his team to do nothing. Despite reports demonstrating a large potential financial exposure, the executive couldn't be Read More

Filed Under: Nonprofit Governance, Blog

Keeping the Wolf From the Nonprofit Door: Identifying Risk

September 8, 2019

  The first time I heard someone threaten to "put the fish on the table", I was in a meeting discussing a processing error that resulted in a million-dollar loss to the firm. The statement conjured up an image of a rotting fish in the middle of the conference table, no one able to look away. In effect, that's what my colleague wanted—for us to confront an uncomfortable truth about the risks to the Read More

Filed Under: Nonprofit Governance, Blog

Keeping the Wolf From the Nonprofit Door: An Introduction

September 7, 2019

  Wolves have figured prominently in fairy tails and fables throughout history and the run-down is generally the same: 1) There is a wolf encounter 2) Someone or something is sacrificed 3) The wolf is slaughtered. A pretty destructive narrative. Now, what if we were to change that story-line: 1) Wolf encounter never happens or is limited to a minor scuffle 2) Wolf goes home 3) Protagonist goes home. A less Read More

Filed Under: Nonprofit Governance, Blog

A More Robust Nonprofit in 3 Steps

September 6, 2019

A community museum had it made. A local philanthropist was passionate about the museum’s mission and made substantial annual donations to the nonprofit for close to a decade. These major gifts allowed the museum to keep exhibits fresh, throw lavish annual galas and pay staff above market salaries. So when this vital donor decided to retire out of state and cease donations all together, the museum’s operational Read More

Filed Under: governance, nonprofit risk management, Nonprofit Governance, Blog Tagged With: #riskmanagement, #nonprofitriskmanagement, #nonprofitgovernance

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Fairlight Advisors, LLC
505 Montgomery Street
10th Floor
San Francisco, CA 94111
Phone: 1.844.309.6248
Email: support@fairlightadvisors.com
1.844.309.6248
support@fairlightadvisors.com
505 Montgomery Street
10th Floor
San Francisco, CA 94111
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Fairlight Advisors LLC (“Fairlight”) is a registered investment advisor offering advisory services in the State of California, Washington, and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. The Adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Follow-up or individualized responses to consumers in a particular state by Fairlight in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.
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