Funders Target Strong Boards
One of the core services for Patton McDowell & Associates is board development, and a recent study confirms the interest grant-makers are taking in the strength of the boards that lead the organizations they fund. “The reality is that nonprofits need strong and capable boards to meet the challenges facing our sector today,” said Linda Wood of the Evelyn and Walter Haas, Jr. Fund and Anne Mosle of The W.K. Kellogg Foundation.
When grantmakers help nonprofits build stronger boards of directors, both the organizations and the communities that depend on their programs and services benefit, according to a new report by BoardSource and FSG Social Impact Advisors. Individuals from more than 50 grantmaking institutions of various types and sizes were interviewed for Advancing Good Governance: How Grantmakers Invest in the Governance of Nonprofit Organizations, a report funded by the Evelyn and Walter Haas, Jr. Fund and The W.K. Kellogg Foundation.
Recognizing the often-untapped value of boards, the report found that an increasing number of nonprofit organizations and grantmakers are seeking ways to leverage the assets that boards and board members bring to their organizations. The report summarizes some of the innovative approaches being taken by grantmakers in communities across the country, and provides practical advice to grantmakers and grantees alike about the important role that boards play in helping their organizations to meet today’s challenges and achieve tomorrow’s victories.
As both charities and foundations grapple with the challenges of our current economic environment, good governance practices and a strong board of directors have become even more important. According to Wood and Mosle in their foreword to the report, “In these difficult times for nonprofits, getting people to pay attention to issues of board governance can be a challenge, but it is of utmost importance.”
For more information about BoardSource’s resources and services for nonprofit boards, visit www.boardsource.org.