Tag Archive for Transparency

3 Reasons Why Nonprofits Should Proactively Pursue Financial Transparency

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"British Money and Magnifying Glass" by Images_of_Money

The message being thrust at today’s charities is the need for transparency. In conversations with charities, however, I still sometimes hear doubts expressed regarding the need for openess. For decades financial data has always been a closely guarded secret , available only to the priviledged inner circle — why change now?

In this post we will examine the reasons — both selfish and altruistic — why organizations should proactively pursue Financial Transparency and post their relevant Financial Reports on their websites.

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Israel’s ONLINE Overhaul of its Nonprofit Sector (Guidestar Conference, Part 2)

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GuidestarLogoAltered

As was mentioned in my previous post, Israel’s OFFLINE Overhaul of its Nonprofit Sector (Guidestar Conference, Part 1), the June 26th Conference Organized by Guidestar Israel tantalized the attendants with many planned improvements within the government offices tasked with overseeing Isael’s nonprofit sector.

Even more monumental, though, are the changes that are taking place online. Here we are seeing not just an upgrade in software, but in approach and analysis whose rippling effect will be felt far beyond Israel’s shores.

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Israel’s OFFLINE Overhaul of its Nonprofit Sector (Guidestar Conference, Part 1)

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GuidestarLogoAltered

The June 26th Conference Organized by Guidestar Israel — a collaborative project of the Justice Department, Registrar of Corporations, Guidestar International, NP Tech, Joint Distribution Committee (JDC), and Yad Hanadiv (a.k.a. The Rothchild Foundation) — was June’s best prediction for “The Tomorrow of Jewish Philanthropy.”

In the global nonprofit sector there is much talk of cooperation and the need to combine forces to increase efficiency and cut costs, yet this synergy is hard to find. Guidestar Israel, in contrast, is actually doing it. Local charities, international organizations, private funds and government resources have all cooperated to bring the Guidestar Israel project into fruition. (And yes, it took over six years for the parties agree and get things off the ground, but we’ll choose not to focus on that for right now.)

Like many conferences, there was the good and the less good, but for those paid attention, there was also the surprising — announcements foretelling actual progress.

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