Why unpaid trustees are the backbone of nonprofit success
Boards of trustees play a key role in guiding nonprofits, from hospitals to universities. Unlike private companies, these organisations rely on unpaid volunteers to oversee finances and strategy. Their focus lies in securing funds rather than generating profits.
A board of trustees acts much like a board of directors but serves a different purpose. Members are usually volunteers who receive no payment or financial benefit. Their main tasks include managing budgets, identifying donors, and organising fundraising events.
Nonprofits depend on boards of trustees to maintain financial stability and strategic direction. These volunteers provide essential oversight without personal gain. Their work ensures that organisations like museums and universities can continue serving the public.
