July 19, 2013
Some of the most successful nonprofits have a team of board members who not only bring diverse skills to the organization, but also work well together to solve problems occurring within the organization. This is why it is extremely important to build a team of board members who have endless potential. According to new research from Ernst & Young, integrating diversity into the team of board members can bring in a number of differing perspectives that can lead to spirited discussions and the best strategic decisions at the organization.
"Diversity in skill sets, experience, expertise, viewpoints and gender can lead to a stronger, more effective board," said Bryan Pearce, director of Entrepreneur of the Year and venture capital advisory group at Ernst & Young.
Women directors can supplement lead to more success
Many nonprofits are run similarly to companies throughout the United States, so it is important to note that the study found businesses in the top quartile of the number of women on their board outperformed the bottom quartile by 26 percent. Furthermore, enterprises with board members who are women achieved higher average growth over the past six year. Nonprofit leaders may want to take this research into account, apply it to their own organization and add more women to their board.
"A diverse board can be a valuable resource when it comes to diversity in hiring, financing alternatives and in diversity supplier situations," said Tom McDonnell, CEO for the Ewing Marion Kauffman Foundation.
Women can make a difference right away
Nonprofits work throughout the year to support their cause, and board members play an important role in the growth and prosperity of an organization. Women who take on advanced roles know how important the nonprofit is to its beneficiaries and take their jobs very seriously. Here are some suggestions from Today's Chicago Woman magazine for women who join a nonprofit's board of directors:
First Nonprofit has saved us so much money over the state’s program. We had one little glitch with the state recently and we contacted FNP immediately. FNP staff called us back immediately and moved to remedy the problem.
First Nonprofit has been a great partner. They have helped us saved hundreds of thousands of dollars! They have awesome resources for our nonprofit organization. Thanks for the partnership.
Life is certainly busy these days but having business partners like First Nonprofit has made some of the process hassle free. We have worked with this team for years. When we changed payroll systems, they outlined every step. I think this team is terrific and I know they get the job done! Thank you, Cruz, to all the team at FNP.
FNP has helped our agency to save thousands of dollars every year on our unemployment coverage. The service is phenomenal, and we are thankful to their team as our partner. My experience working with Marshall on the advocacy around UE for nonprofits was also a highlight as someone who teaches advocacy and lobbying for nonprofits. Really, your whole team is top shelf, so thank YOU!
Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.
FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.
When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.
First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!