Understanding nonprofit board fiduciary responsibility and nonprofit financial oversight clarifies how boards safeguard organizational health. Learn key nonprofit board duties and financial management roles.

Fiscal sponsorship may be a powerful transition for your organization. While it represents an additional expense, the benefits — such as access to the sponsor's tax-exempt status, administrative support (a fully staffed accounting, HR, and operations department), and potential for increased funding — can outweigh these costs for nonprofits interested in restructuring.