How much should my board members contribute financially?

Considering that many grant funders are now asking the question "What percentage of your board members contribute financially?", it is wise that boards begin to make this a participation requirement. I am often asked if there is a standard amount that each board member should be contributing. My response is always that each member should give according to their ability to give. As a rule of thumb, boards should have some representation of the clientele the organization serves. In these cases, the individuals may not have much to give financially, but they may offer unique insight into how the program can be improved. This information can be just as valuable as cash.

One option is setting a Give or Get requirement. If a person cannot give personally, they should be assisting in fundraising efforts. Getting may involve selling event tickets, hosting a yard sale fundraiser or house party where they invite other people to give cash donations. Perhaps they are able to meet their fundraising requirement by personally contributing some part and fundraising the remaining. Regardless the method, EVERY board member should make some financial contribution. After all, if your board isn’t financially vested in the organization, how can you expect a foundation to be?