News & Insights

Are you a board member with fiduciary responsibilities but little experience with financial matters? Do you find yourself lost or confused by the financial jargon that comes up in budgetary or investment discussions? Have no fear. In Trust has created a detailed glossary of common financial terms that will help you become more knowledgeable in financial matters. 

 

 

Edited by Lee Merritt, the guide draws on a number of resources, including documents from BoardSource and the Washington State Administrative and Accounting Manual, to provide definitions and explanations of terms that will help you in future budgetary and investment discussions.

This glossary goes through the gamut of relevant terms, from “assets,” to “unrestricted cash balances.” Using this resource, you may not become a financial wiz, but you will be more confident in the jargon you will often encounter when tending to your fiduciary responsibilities.

Have you utilized this resource in the past? If so, did you find it helpful?

If you have an online In Trust account, you can access the financial vocabulary glossary online. 

And for more financial terms, check out Financial Responsibilities of Nonprofit Boards, 2nd edition, by Andrew S. Lang (BoardSource, 2009, 102 pp., $29). 

 

Top Topics

Roles & Responsibilities

Challenges

Opportunities

Board Essentials

Upcoming Events

The In Trust Center hosts learning community spaces throughout the year. Check out our upcoming events below.

Called to the Chair: Board Leadership for Unsettled Times

ON DEMAND

Dr. Rebekah Basinger addresses the opportunities and challenges that come with chairing the board of a theological school, which include how to design effective board meetings, enhance board member engagement, and develop the board for long-term effectiveness, while giving attention to the board chair and president partnership and the critical importance of call in both roles.

Stakeholder Management Planning

ON DEMAND

Every organization should be prepared with a plan that establishes specific communication goals for key stakeholders in order to ensure the success of its programs, initiatives, or ongoing communication strategy. In this webinar, Josh Peskin, Ph.D., an expert in organizational communications, will walk through the elements of developing a stakeholder management plan to help you engage with your audiences in a more effective way. Click to view.

Conflict + Crisis: Navigating the Shoals Part 1

ON DEMAND

Presenter Donna Alexander, President & CEO of Advoxum Global Strategies, offers best practices for navigating conflict and crisis. She examines the crucial elements of defining conflict and crisis, identifying, and prioritizing affected stakeholders, utilizing effective communication strategies, and ultimately, executing a plan of action.

Can’t Find What You’re Looking For?

In Trust Center provides Resource Consulting to our members at no charge. Contact us today and let us guide you to the most helpful resources for your situation.

Contact Us