So often I"m asked to comment on things that are strategic. And it can be extremely tough to navigate that thin line between advising on legal strategy and stepping over into business strategy. For example, when helping with formation I may get asked about name choice or strategic planning; both of which I feel are more synonymous with business strategy. But there are those unique times where the legal and business strategies intersect; drafting a mission statement happens to be one them.
The roles a mission statement can play are infinite. They assist with fundraising, help ensure brand and programming continuity, guide the goals of an organization, etc. But mission statement"s also play an important legal role. They help shape the legal duties and obligations of the Board and staff and guide the type of programming/fundraising/operations an organization must carry out.
Because these small, but powerful, statements can be so multi-faceted in terms of purpose and use I wanted to share a few things I"ve learned through being tasked to comment on them.
Things to Think About
Read the rest of this post on my blog Notations on Nonprofits. Just click here.