February 07, 2007

Draft Principles on Self Regulation

The Panel on the Nonprofit Sector continues its efforts to help nonprofits do the right things right. Its new Advisory Committee on Self-Regulation of the Charitable Sector has carefully studied numerous existing standards and guidelines to get a better understanding of the needs of diverse charities. The result? A proposal that charities with $1 million or more in annual revenue and foundations with $25 million or more in assets implement 29 principles. While the period for public comment ended February 2, the recommendations are a great starting point for a self-directed accountability audit. Click here.