Managing conflict of interest in your charity
Navigating Conflicts of Interest as a Charity Trustee: Essential Guidelines As a trustee, your foremost obligation is to make decisions that serve the best interests of your charity. It’s imperative to ensure that personal interests or affiliations don’t influence these decisions. Identifying and managing conflicts of interest is paramount to maintaining integrity and trust within […]
Charity Funds: Restricted, Unrestricted, Designated, and Endowment Funds
Understanding the different types of charity funds is essential for proper financial management. In this blog, we explain the key differences between restricted, unrestricted, designated, and endowment funds, along with the importance of free reserves. 1. Restricted Funds Restricted funds come from donations or grants given for a specific purpose. Charities must use these funds […]
