Difference Between Private Foundation and a Nonprofit Organization
Many people consider nonprofit organizations, public charities, and private foundations the same. However, this is not true. We often use these terms interchangeably without knowing that there is a fundamental difference between how they operate. Although all of them aim to bring a change in society through their efforts, they are different based on their formation, […]
What Are the Main Functions of a Board of Directors?
A board of directors is one of the most important groups in a non-profit organization. These elected individuals represent the interest of the community and make decisions that impact the overall organization. Even though there’s no legal requirement for nonprofits to have a BoD, most choose to have one for operational efficiency. If you’ve ever […]