A study on the relationship between the board of directors and fundraising performance of nonprofit organizations: Focusing on composition and roles of the board of directors

This study attempted to explore the size, composition, roles, and level of participation of the board of directors for nonprofit organizations in Korea, and to examine the relationship between these factors and the fundraising performance of nonprofit organizations. For the examination, this study employed 272 nonprofit organizations with a board from Giving Korea 2019 by the Beautiful Foundation which include information regarding organizational operating status. As a result of analysis, most nonprofit organizations had experts as board members, and the proportion of representatives of volunteers and beneficiaries was the lowest. In addition, among the roles of the board, the level of participation of establishing organizational strategies role was the highest, while, the level of participation of fundraising and giving activities role was the lowest. As a result of the regression analysis, the size of the board, the presence of beneficiary representatives, role of establishing organizational strategies, and role of fundraising and giving activities had a significant relationship with the annual fundraising amount of nonprofit organizations. This study contributed to expanding a comprehensive understanding of the board of directors, which plays a key role in operation and performance of nonprofit organizations. Moreover, by empirically discussing the relevance to the organization's fundraising performance, this study contributed to providing enlarged theoretical and practical understanding of the board of directors and fundrasing performance of nonprofit organization.