Fundraising and the board
Trustees can play an important role in the fundraising activity of an organisation. This short guide by NCVO, outlines the key responsibilities Trustees have in relation to fundraising to ensure an organisation complies with good practice.
Trustees should also be aware of the advantages, disadvantages and implications of some specific types of fundraising, including:
- the use of trading subsidiaries
- taking out loans as a method of generating income
- funds that are secured under contract.
Trustees should ensure that expenditure on fundraising, and income generated as a result, is properly budgeted, controlled and monitored.