Nonprofits provide opportunities for individuals and institutions to voluntarily contribute to causes of their choice and serve as the important vehicle for philanthropy.
Nonprofits act as the intermediary between donors and beneficiaries, and have an ethical obligation to steward funds properly to carry out their missions.
Nonprofits must comply with all federal, state, and local laws concerning fundraising practices. Nonprofit fundraising should be conducted according to the highest ethical standards for soliciting, accepting, recording, reporting, and using funds. Nonprofits should adopt clear policies for fundraising activities to ensure responsible use of funds and open, transparent communication with contributors and other constituents. A nonprofit should conduct its fundraising activities in a manner that upholds the public's trust in stewardship of contributed funds.
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