Directors and Officers Insurance — also known as D&O Insurance — protects your organization and its board members from costs caused by legal liabilities. In the case of a lawsuit, not having D&O insurance in place could tie up your whole organization and impact those who need your services. It can also put your organization's (and its board members') assets in jeopardy.
There’s been a lot of talk about the Great Transfer of Wealth, and how this 1-trillion dollar change of hand will disrupt the Canadian nonprofit sector. In fact, a 2019 report by Coldwell Banker pinpoints that by 2030, millennials will hold 5x as much wealth as they do today.
Before making a donation to an organization, some will go through a thorough process and do their due diligence while others will base their decisions on spontaneity and emotion. However, the best approach to donating probably lies somewhere in the middle. This guide offers some tips to help donors add new strings to their bow when it comes to charitable giving.
It goes without saying that COVID-19 brought with it significant challenges for boards of charitable and nonprofit organizations. While adjusting to the pandemic has been the main priority in 2020, there was also a wide range of additional or related topics vying for boards’ attention this year, from risk management to diversity and inclusion, and agile teams, to name a few.
As the year draws to an end, many will be more than happy to put 2020 behind us. This year, which we thought would usher in a new decade on a high note, instead took an enormous toll on our emotional states, our societal structures, and of course, our work in the charitable sector.
On November 10, 2020, Imagine Canada hosted a convening with 30+ charitable and nonprofit organizations to discuss how federal COVID-19 supports could be improved, and what resources and initiatives would help more organizations access much-needed relief. Here is what attendees told us.