Fortune 500 companies have made minimal gains in board diversity. Nonprofit boards, while similar in minority makeup, are including more women.
|Scooped by The Alford Group|
Diversity in a not-for-profit board is incredibly important. In our experience, diversity brings differing perspectives to the same opportunity, issue or challenge and helps in reducing group think. A lack of diversity on your board is like a lack of diversity in your investment portfolio - it's an option, but mitigating your risk or ensuring steady growth depends on input from various investments. And your Board is just that - the most significant investment you'll make in your organization.
And that doesn't just go for racial diversity. If you look at your board, can you measure it in terms of racial, gender, ethnic, national, geographic, wealth, sexual orientation, age or other diversity? Do you lack diversity in any areas that are important to your mission? Consider diversifying your board in ways that could bring a fresh perspective.
A culture of philanthropy, while largely refering to the embracing of fundraising throughout the organization, is also about the idea of forwarding the cause of philanthropy and the work of the not-for-profit sector - building stronger communities, places and people. To build stronger communities, places and people, a culture of philanthropy in your organization can start with a board full of diverse people and ideas.
What are your thoughts?