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 Originally posted: 5/22/23
Updated: 6/5/24 Risk management isn’t just for lawyers anymore because it’s not a matter of if adversity will strike, but when. Today’s nonprofits need leadership teams that understand nonprofit risk management best practices to ensure the organization can function effectively even when adversity arises. Nonprofit organizations face a multitude of internal and external risks that can affect their ability to achieve their mission. By adopting proactive risk management best practices, nonprofits can improve their organizational resilience to better sustain their impact in the face of an increasingly complex economic and operational landscape.
Nonprofits that do not manage financial, environmental, economic, social, and political risk will open themselves up to significant damage to the organization (if not downright failure) when the unexpected happens. Organizations that only have a reactive response to risk cannot weather adversity in the same way that proactive organizations can.
If you conducted a risk assessment right now, what would it reveal?
The board member sticking their head in the sand and refusing to get on board with AI realities, opportunities, and threats to the organization over the long haul will likely find that either they will be replaced by someone who is keeping up with the times, or their organization will fall behind and fail to accomplish its mission as effectively as it could have otherwise. What do you need to know about AI for nonprofits?
Your most Important Tip: If you receive an email asking you to wire money or send gift cards, assume it is a fraud – every time. CALL the sender to confirm, at a number you know is correct.
We are seeing, and hearing about, an increasing number of online scams and other negative internet-based activity related to COVID-19 and the mass exodus from company offices to home offices. As thousands of information workers recreate office processes and routines to work in an online-only world, the scammers, spammers, information manipulators, and meeting hijackers have been busy as well. 
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