Examples
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Standard D13 Explained
Why is it essential for organizations to have a formal process to manage workplace conflicts? Workplace conflicts arise in all organizations, and having a formal process in place helps employees resolve emerging conflicts quickly before they escalate into ...
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Standard C1 Explained
Why is it important to honour donors’ and prospective donors’ requests to limit the frequency or means of contact or to discontinue contact if requested? Alberta’s Charitable Fundraising Act (Section 50) states that if a person requests to not receive ...
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Standard C3 Explained
Why must organizations honor donors’ requests to remain anonymous? Donors may have many legitimate reasons for wishing to remain anonymous, and it is essential that nonprofits respect these requests. A study conducted by The Chronicle of Philanthropy ...
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Standard B2 Explained
Definition: Audit 1 An audit is the highest level of assurance that can be provided on financial statements. An audit provides reasonable assurance that the entity’s financial statements present fairly its financial position, financial performance and ...
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Standard A4 Explained
Why is a written job description important? The board of directors is responsible for monitoring the performance of the organization’s most senior staff person in order to ensure that the organization is functioning effectively. 1 A formal job description ...
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Standard A27 Explained
Definitions: Equity: Fairness, impartiality, even-handedness. A distinct process of recognizing differences within groups of individuals, and using this understanding to achieve substantive equality in all aspects of a person's life. 1 An inclusive ...
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Standard C5 Explained
What is a gift-in-kind? A gift-in-kind is a gift of any property excluding cash. Gifts-in-kind could include gifts of real property (land or buildings), personal use property (an item used in a personal rather than a business context, for example clothing ...
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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 they are ...