Strategic Planning for Profit and Non-Profit Organizations

Strategic Planning for Profit and Non-Profit Organizations
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Table of Contents
Abstract 3

Introduction 4

Discussion 4

Role of government in regulation of non-profit fundraising 4

Demanding of disclosure statements 4

Provision of more funding 5

Appointment of external auditors 5

Role of states in regulating non-profit fundraising 6

Sarbanes-Oxley-type legislation in non-profit fundraising 8

Importance of Sarbanes-Oxley type legislation 8

Operation of the legislation 9

Values that should guide politicians when setting up regulatory systems 10

Integrity 10

Professionalism 11

Accountability 12

Effects of stronger regulation of non-profit organizations 13

Increased accountability by managers and directors 13

Effective management of collected funds 14

Increased public confidence 15

Increase in number of donors 17

Conclusion 17

References 19

Abstract The government has a role to play in regulation of non-profit organizations at both federal and state levels. This will facilitate effective management of these organizations to deal with social problems in the United States. External independent auditors should be appointed to check on the activities that take place in these organizations. In addition, the government should make it a requirement that these organizations should be run by people with adequate knowledge in finance. Sarbanes-Oxley type legislation is important in regulation of non-profit organizations to facilitate reforms. This is because there are major problems that have been experienced in the non-profit sector of the United States especially misappropriation of funds. Government intervention is inevitable if the non-profit sector in the United States is to regain its prominence.
Introduction
Non-profit organizations have been established to carry out educational, charitable and civic responsibilities.

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