Nonprofit organizations play an important societal role as one vehicle for philanthropy. As an intermediary between donors and the community, nonprofits have ethical and legal obligations to fulfill donor intent and expend donated funds to further the organization’s mission. Nonprofits know and understand the law, and fund development is conducted according to the law and in keeping with the highest ethical standards. Nonprofits adopt clear policies to ensure all aspects of fund development are carried out legally, ethically, transparently and with integrity.
- Legal Practices are legally required of all Montana nonprofits
- Essential Practices are widely recognized as industry standards and generally expected of all nonprofits
- Recommended Practices should be considered by all nonprofits, with implementation dependent on capacity and life stage