Your not-for-profit has a board of directors — so why would it need an additional advisory board? A nonprofit advisory board can complement your board of directors. Some organizations assemble advisory boards to provide expertise for a specific project, such as a fundraising campaign. Other organizations use them to give roles to major donors and prestigious supporters who may not be a good fit for a governing board. Here are some other ways to use an advisory board and how to set one up.
Opening the door
Look at your general board members’ demographics and collective profile. Does it lack representation from certain groups — particularly relative to the communities that your organization serves? An advisory board offers an opportunity to add diversity to your leadership. Also consider the skills current board members bring to the table. If your board of directors lacks extensive fundraising or grant writing experience, for example, an advisory board can help fill gaps.
Adding advisory board members can also open the door to funding opportunities. If, for example, your nonprofit is considering expanding its geographic presence, it makes sense to find an advisory board member from outside your current area. That person might be connected with business leaders and be able to introduce board members to appropriate people in his or her community.
Creating a pool
The advisory role is a great way to get people involved who can’t necessarily make the time commitment that a regular board position would require. It also might appeal to recently retired individuals or stay-at-home parents wanting to get involved with a nonprofit on a limited basis.
This also can be an ideal way to “test out” potential board members. If a spot opens on your current board and some of your advisory board members are interested in making a bigger commitment, you’ll have a ready pool of informed individuals from which to choose.
Understanding their role
It’s important that advisory board members understand the role they’ll play. They aren’t involved in the governance of your organization and can’t introduce motions or vote on them. But they can propose ideas, make recommendations and influence voting board members. Often, advisory board members organize campaigns and manage short-term projects.
Advisory boards usually are disbanded after a project is complete. You may also want to consider eliminating an advisory board if it begins to require too much staff time and your organization can’t provide the support it needs. For more information on effective nonprofit governance, contact Anna Lovegren, CPA, at email@example.com