• Standard D3 Explained

    Why is it important to review HR management policies once every two years for Level 1 and 2 organizations and annually for Level 3 organizations? HR management policies stipulate how employees are expected to work and act as part of your organization.1 Reviewing these policies regularly and...

  • Standard C6 Explained

    Why is it essential that all fundraising activities conducted by or on behalf of charitable or nonprofit organizations: a. be truthful – The Association of Fundraising Professionals’ Donor Bill of Rights states that any donor to a charitable or nonprofit organization has the right to “ask...

  • Standard B8 Explained

    Definition: Investable Assets1Sums of money owned by the organization that are available for investing for terms likely extending beyond one year. Definition: Investment Policy1A policy that provides guidelines on where and how investable assets can be invested.  The investment policy usually...

  • Standard A12 Explained

    What is a conflict of interest? Real or perceived conflicts of interest can occur when the personal interests of board members, staff, or volunteers are in conflict with the interests of the nonprofit or charitable organization with which he or she is affiliated. For the board, conflicts of...

  • Donations of services

    Contributions of services (for example, time, labour, skills) are not transfers of property and therefore are not gifts. No tax receipt may be issued for the contribution of services. See 'Gifts of Services' (CRA, 2011) However, if the charity pays for the services provided, the service provider...

  • Standard D4 Explained

    Definition: Compensation Policy1A compensation policy documents the organization’s philosophy and direction with regard to rewarding its employees. Why is it essential to have a compensation structure that fairly evaluates and compensates the value of each position? Your organization’s...

  • Standard C7 Explained

    Why is it essential for organizations not to make claims that cannot be upheld or that are misleading? To develop a robust donor base, an organization must represent its activities truthfully. Making claims that cannot be upheld or that are misleading is unethical and can damage an organization’s...

  • Standard B10 Explained

    Definition: Annual Report1An annual report is a comprehensive report on the organization’s activities throughout the preceding year. The annual report should give stakeholders information about the organization’s activities and financial performance. The annual report usually includes the financial...

  • Standard A13 Explained

    Why is it important to have a privacy policy? Protecting the personal information of nonprofit staff, volunteers, and clients fosters a strong reputation for integrity. This has become an essential part of a nonprofit’s accountability to its stakeholders, many of whom are increasingly concerned...

  • Pledges

    A pledge is a promise to make a donation in the future. It is not a gift until the charity actually receives the donation. Therefore, no receipt can be issued until the donor has fulfilled the pledge by making a donation. See also 'Pledges' (CRA, 2011)

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