Nonprofit Accounting Basics

Code of Ethics

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guide its board and staff in their activities and behavior. A code of ethics may not prevent wrong doing and unethical behavior but it makes known the organizational beliefs and values and it clarifies the consequences if someone errs on the wrong side of the fence.

Considerations when developing a code of ethics:

Independent Sector, Checklist for Developing a Statement of Values and Code of Ethics

National Council of Nonprofits, Codes of Ethics/Values Statements for Nonprofits

Here are some sample codes of ethics — some of them serve as codes of standards as well:

Board Source, Nonprofit Board Member Codes of Conduct and Ethics

National Center for Family Philanthropy, Code of Ethics (sample)

Center for Nonprofit Excellence, SAMPLE: Code of Ethics

Compass Point, Code of Ethics