To further advance charitable accountability, the BBB Wise Giving Alliance also encourages charitable organizations to adopt the following management practices.
Initiate a policy promoting pluralism and diversity within the organization's board, staff, and constituencies. While organizations vary widely in their ability to demonstrate pluralism and diversity, every organization should establish a policy, consistent with its mission statement, which fosters such inclusiveness.
Ensure adherence to all applicable local, state, and federal laws and regulations including submission of financial information.
Maintain an organizational adherence to the specific standards as cited. The BBB Wise Giving Alliance also encourages charities to maintain an organizational commitment to accountability that transcends specific standards and places a priority on openness and ethical behavior in the charity's programs and activities.
Frank Monti is a Principal with Kahn, Litwin, Renza & Co., Ltd. (KLR), a Rhode Island based certified public accounting and business consulting firm, servicing the needs of nonprofit organizations and closely-held businesses in Rhode Island and Massachusetts. Call him at 401-274-2001 or email firstname.lastname@example.org.
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