By Teresa Harrison, PhD

Most nonprofit practitioners are acutely aware of the conventional financial management norms for their sector and recognize the impact that such norms may have on giving decisions by donors. As part of the Gupta Governance Institute Center for Nonprofit Governance and National Center on Nonprofit Enterprise’s (NCNE) seminar series, George Mitchell and Thad Calabrese suggest three broad questions that nonprofit boards and executives can ask and use as a launching point for meaningful discussions. As discussed below and in the paper, they find that adhering to common financial norms may lead to less mission impact over time.

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