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Definition: Board Terms of Reference1A document approved by the board that specifies the stewardship responsibilities of the board of directors and their accountabilities to the organization’s members and stakeholders.
Why are terms of reference important? Board and committee terms of reference...
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Donations that are primarily intended to benefit the individual making the donation are not eligible for a tax receipt. Benefits to the donor can include:
admission fees to concerts or other performances;
tickets to attend events where a meal is served or entertainment is provided;
events that...
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Why does your organization need policies and procedures related to volunteer involvement? Policies and procedures formalize roles and responsibilities, ensuring that they are understood and carried out consistently throughout your organization.1 Having formal policies and procedures in place...
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Why is it important for organizations to have a work plan or performance objectives? Work plans and/or performance objectives are a key ingredient of any performance management process and can help employees to be more effective in their roles.1 Individual work plans and performance objectives...
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What does “appropriate fundraising policies” mean? While all nonprofit and charitable organizations in Canada depend on some form of fundraising, Imagine Canada recognizes that Canada’s nonprofit sector is incredibly diverse and that organizations have differing needs with regards to fundraising...
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Definition: Strategic Plan 1The strategic plan is a document that outlines the desired future for the organization and provides a roadmap that defines how the organization will achieve it. The roadmap contains broad directions as well as more specific ways they will be achieved. The plan usually...
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Why is it important for the boards of nonprofits and charities to consist of at least three members that are at arm’s length to each other and to the most senior staff person? The Canada Not-for-profit Corporations Act states that any soliciting corporation must have a minimum of three directors.1...
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A charity may generally not issue a tax receipt for the gift of shares or securities of a corporation unless they are publicly traded on a “prescribed stock exchange” or if the donor is at arm’s length from the charity and each of its director and officers. This is a complex area of the regulations...
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Why does my organization need to designate at least one person to be responsible for volunteer involvement? Over the past two decades, changes in patterns of giving and volunteering in Canada have prompted nonprofit and charitable organizations to increasingly incorporate management principles into...
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Why is it important to assess the performance of each employee at least annually? Assessing an employee’s performance helps ensure that they are accomplishing the goals of their position, contributing to the strategic direction of the organization, and acting in alignment with your organization’s...
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