08 Dec More Than Fiduciary Oversight – How Board Members Can Support the Grant Writing Team by Megan Campbell, MPA, GPC
Posted at 18:00h
in Competency Eight, Competency One, Competency Three, Competency Two, Funder Relations, Funding, Megan Campbell, Organizational Readiness, Relationships, Research
An organization's board of directors has overarching “fiduciary responsibility” for the organization. What does that mean? According to BoardSource, “the board [of directors] is responsible for ensuring that the organization is appropriately stewarding the resources entrusted to it and following all legal and ethical standards.” This commitment by an organization’s governing body is the crux of fiduciary responsibility.
While board members play an important role in assuring agency finances and grant funds are treated ethically, they are also partially responsible for resource development – that is, ensuring their organization has the resources needed to fulfill its mission. An active and engaged board of directors can be vital to the success of your grant team.