New Charity Guidelines Deal With Overhead, Executive Pay and More
The 2015 edition of the Principles contains legal background and principles on a broad range of topics including legal compliance, effective governance, financial oversight, and responsible fundraising. Changes in the 2015 edition include eight areas in which the ethics and governance landscape has transformed since the Panel on the Nonprofit Sector first convened to develop these standards nearly a decade ago. Updated content in the Principles include new implications for nonprofits and foundations:
- How technology affects giving in a digital world and risk related to data security
- New charitable business and social change models, such as donor-advised funds and social impact investing, and their opportunities and pitfalls
- The need to balance organizational transparency and individual privacy
- The evolving debate on overhead costs
For more information, please visit independentsector.org.