Have you ever wondered what it means to be a trustee?
If you're considering getting involved with a charity, you may have come across the term "trustee." But what does it mean to be a trustee, and what are the responsibilities and benefits associated with this role?
The role of a trustee
A trustee is a person who is legally responsible for managing the assets and affairs of a charity. Trustees are appointed by the charity's governing body and are typically volunteers who donate their time and expertise to help the charity achieve its mission. The role involves responsibilities such as making decisions, managing assets, ensuring compliance with laws and regulations, acting in good faith, exercising reasonable care and skill, and avoiding conflicts of interest.
How trustees make a difference
Trustees play a vital role in the governance and leadership of charities. They are responsible for setting the charity's direction and ensuring that it is run in a responsible and accountable manner. They bring a diverse range of skills, knowledge, and experiences to the table, actively contributing to the governance and strategic direction of the charity organization.
Trustees make a positive impact by:
Ensuring that the charity is run in accordance with its governing documents. They establish policies and procedures, monitor compliance with legal and regulatory requirements, and ensure transparency and accountability in the organization’s activities.
Overseeing and ensuring the sustainability of the charity's finances, budgeting, and fundraising. By providing guidance and expertise in financial matters, trustees help secure resources, maximize the impact of funds, and ensure proper stewardship of financial resources.
Appointing and overseeing the charity's staff
Making sure that the charity is accountable to its beneficiaries
Charity trustees have the potential to make a significant difference in the organization they serve. By actively fulfilling their governance responsibilities, collaborating with fellow trustees, and working closely with volunteers, trustees make a tangible contribution in advancing the charity’s mission and creating positive change in the communities they serve.
The rewards of trusteeship
There are many personal benefits to becoming a trustee. Some of the benefits include:
The opportunity to make a difference in your community
The chance to learn new skills and gain experience in non-profit management
The satisfaction of working with a team of dedicated volunteers
If you are interested in becoming a trustee, we encourage you to reach out to your favourite charity and inquire about their volunteer opportunities. Trusteeship is a rewarding way to make a difference in your community and to use your skills and talents to help others.
Other blogs in this series
How much does a charity trustee get paid?
Who can be a charity trustee?
What are the time commitments of being a charity trustee?
What are the responsibilities of a charity trustee?
What qualifications do you need to be a charity trustee?
The pros and cons of being a charity trustee
Why you should become a charity trustee