The Importance of Confidentiality for Nonprofit Boards

Being a member of a nonprofit’s Board of Directors comes with a lot of responsibilities. You are part of the organization’s governing body. You are expected to provide guidance and oversight, as well as strategic planning. You have a monetary role, accountable for the nonprofit’s budget and financial activity. There’s also another important expectation, and that is maintaining confidentiality regarding matters that are not for public consumption. 📚 ADDITIONAL RESOURCES: •ARTICLE: “The Importance of Confidentiality For Nonprofit Boards” https://bit.ly/3oS6QtD •ARTICLE: "Fiduciary Responsibility of Nonprofit Board Members“ https://bit.ly/3v77xDo ✏️ Here is a useful template to draft your Board's Confidentiality policy: https://bit.ly/3p72H5o 📱 Check out our video on Nonprofit Transparency here    • Form 990: The Public Window Into Your Nonp...   🏆 YOUR NEXT STEP: •Fill out this form for a FREE consultation on how to start a nonprofit: https://bit.ly/3Tu9nYE •Register for Fundraising TV: https://www.501c3.org/fundraising-tv/ •Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” https://bit.ly/3XhFag0 0:00 Confidentiality is Part of Your Fiduciary Role 1:55 Keep Private What Needs to Be Private 3:18 Disclose What Needs to Be Disclosed 5:04 Draft A Confidentiality Policy 6:03 Consequences of Breaching Confidentiality 7:43 Conclusion