Validated Needs
|
Needs that have been identified, analyzed, and approved by management and by the governing body and other volunteers as being valid and appropriate to the functioning of the institution. |
|
|
|
|
Validity
|
The soundness of the inferences made from the results of a data-gathering process. |
|
|
|
|
Valuation Date
|
Dates prescribed in charitable remainder unitrust and pooled income fund documents. In unitrusts they are used to determine the date (or dates-there can be more than one) when the trust assets are to be valued to determine the payout for that year. In both unitrusts and pooled income funds they are also used to value assets added to the trusts. |
|
|
|
|
Value
|
The worth or utility a consumer identifies with a product or organization. Can be equated by subtracting the total costs (or negatives) associated with the experience from the total benefits (or positives). |
|
|
|
|
Value Limitation
|
A term used to refer to analyzing the tax deduction aspects of charitable gifts. |
|
|
|
|
Value of Volunteer Time
|
The hourly value, updated yearly, is based on
the average hourly earnings of all nonagricultural workers as determined by the U.S. Bureau of Labor Statistics. To arrive at its rate, Independent Sector takes the Bureau's figure and increases it by 12 percent to estimate for fringe benefits. |
|
|
|
|
Value Statement
|
The core beliefs that shape the vision and guide the organization's day-to-day actions. |
|
|
|
|
Value-gap Analysis
|
Measures the variance between competitive offerings and customer behavior, identifying where target audience's needs are not being met and opportunities to best meet those needs. |
|
|
|
|
Values
|
Principles, standards, or qualities considered worthwhile or desirable. |
|
|
|
|
Variable
|
Any entity that can take on different values. |
|
|
|
|
Variable Cost
|
Monetary amount that varies in direct relation to the cost driver.
|
|
|
|
|
Vehicle
|
The particular form in which a fundraising program is organized and executed, such as annual giving, capital campaign, or direct mail. |
|
|
|
|
Venture Philanthropy
|
A model for charitable giving that arose in the 1990s, based on venture capitalism in the business world. Funders “invest” not just money but energy and expertise in the nonprofits they support. Generally, donors track their donations just as venture capitalists follow their investments with nonprofits asked to provide evidence of results and impact on a regular basis. Venture philanthropy is often associated with “new wealth” individuals and high-tech entrepreneurs. |
|
|
|
|
Verb
|
A word that makes things happen, shows action or state of being, and also indicates time of action or being. |
|
|
|
|
Verification
|
Revisiting the data as many times as necessary to cross-check or confirm the conclusions that were drawn. |
|
|
|
|
Vertical Merger
|
A merger that involves two or more organizations that provide different, but compatible services. |
|
|
|
|
Vesting
|
An employee's right to all or part of the employer's contributions, whether in the form of cash or as a deferred pension. |
|
|
|
|
Veto
|
Disapproval by the president of a bill or joint resolution (other than one proposing an amendment to the Constitution.) When Congress is in session, the president must veto a bill within 10 days, excluding Sundays, after he has received it; otherwise, it becomes law without his signature. When the president vetoes a bill, he returns it to the house of origin with a message stating his objections. |
|
|
|
|
Vicarious Liability
|
Liability of an organization for the actions or inactions of an employee, agent or volunteer, traditionally called respondent superior. |
|
|
|
|
Vice Chairperson of the Board
|
This board member is typically a successor to the board Chairperson. The Vice-Chairperson performs Chair responsibilities when the Chairperson is unavailable. This member is often assigned to a special area of responsibility such as membership. Also known as: Vice-Chair of the Board, Vice-President of the Board, Vice-Chairman of the Board. |
|
|
|
|
Video Conferencing
|
To conduct a conference between two or more participants at different locations, using computer networks or the Internet to transmit audio and video data. |
|
|
|
|
Viral Marketing
|
Any technique that induces Web sites or Web users to pass on a message to other sites or users, creating a potentially exponential growth in the message’s visibility and effect. |
|
|
|
|
Virtual Foundation
|
Refers to the transition from grantmaking through mail and face-to-face meetings to grantmaking by email and internet transfers. Such a foundation may exist only on the Internet and be capable of transferring money from philanthropists to organizations globally. |
|
|
|
|
Virtual Hosting
|
A Web hosting company that keeps your Web site on its server but allows you to use your own domain name. When you develop a Web site, you always need a server or a company to host it. |
|
|
|
|
Virtual Office
|
An office where employees have the freedom to work anywhere through the use of portable technology. |
|
|
|
|
Virtual Private Network (VPN)
|
A private network of computers that's at least partially connected by public phone lines. |
|
|
|
|
Virtual Volunteering
|
Volunteer tasks completed, in whole or in part, via the Internet and a home or work computer. It's also known as online volunteering, cyber service, online mentoring, teletutoring and various other names. |
|
|
|
|
Virtual Volunteering
|
Volunteering conducted via the Internet and a computing device such as a personal computer, laptop, or blackberry. Virtual volunteering can take place from home, work, or while vacationing; any place where the Internet can be accessed. |
|
|
|
|
Virus
|
A computer program that replicates on computer systems by incorporating itself into shared programs. Viruses range from harmless pranks that merely display an annoying message to programs that can destroy files or disable a computer altogether. |
|
|
|
|
Vision
|
1)The ideal future the organization is striving to achieve. 2)A process by which an organization envisions the future it wants, and plans how to achieve it. Through public involvement, organizations and communities identify their purpose, core values and vision for the future, which are then transformed into a manageable and feasible set of goals and an action plan. |
|
|
|
|
Vision Statement
|
Written expression of a nonprofit's goals.
|
|
|
|
|
Vocational Rehabilitation
|
Programs designed to assist individuals with disabilities enter or re-enter gainful employment. |
|
|
|
|
Voice
|
Refers to active and passive voice in writing. Active is generally preferred over passive, to create action and interest. |
|
|
|
|
Voice over Internet Protocol (VoIP)
|
Allows telephone calls to be placed over a broadband Internet connection instead of a regular (or analog) phone line. Calls can be placed using a traditional phone through an adaptor or through a microphone that is connected to the computer. VoIP technology works by converting the voice signal from the telephone into a digital signal that travels over the Internet and then converts it back at the other end so two or more parties can communicate with each other. |
|
|
|
|
Voice Vote
|
In the House or Senate, members answer yea or nay in chorus, and the presiding officer decides the result. The term is also used loosely to indicate action by unanimous consent or without objection. |
|
|
|
|
Voluntarily
|
At will; of one's own accord; on one's own responsibility; by choice; purposely; intentionally; with personal volition. |
|
|
|
|
Voluntarism
|
The principle of relying on voluntary action. |
|
|
|
|
Voluntary Organization
|
Organizations that have tax-exempt status under Internal Revenue Code Section 501(c)(3), but are not private foundations under Internal Revenue Code Section 509. These organizations are tax exempt, and contributions to them are tax deductible under such Internal Revenue Code Sections as 170, 642, 2055, and 2522. A nonprofit is governed by a volunteer board of directors, operated for public benefit, and its business is not conducted for profit. Organizations of this type are said to belong to the nonprofit or “third” sector. They are neither government (public sector) nor business (private sector). |
|
|
|
|
Voluntary Reduced Work Time
|
Time/income trade-off arrangements that allow full-time employees to reduce work hours for a specified period of time with a corresponding reduction in compensation. |
|
|
|
|
Voluntary Sector
|
The voluntary sector is composed of self-governing organizations that exist to serve a public benefit and generate social capital. . It is independent of the formal structures of government or the profit sector, and relies heavily on the efforts of volunteers to carry out its mandate. |
|
|
|
|
Volunteer
|
An individual who willingly agrees to undertake or render a service without legal concern or interest. |
|
|
|
|
Volunteer Interest Assessment Form
|
A form that is completed by potential volunteers that lists their skills, interests, and in what capacity they would like to volunteer. This form is used by organizations in recruiting and placing volunteers. |
|
|
|
|
Volunteer Protection Act of 1997
|
The general purpose of the Act is to provide immunity from tort claims against volunteers. |
|
|
|
|
Volunteer Site Coordinator
|
An individual who recruits, trains and supervises volunteers. May also be referred to as a community service site supervisor. |
|
|
|
|
Volunteerism
|
The willingness of private citizens to serve voluntarily in a variety of programs and causes, both in fundraising programs and other capacities. |
|
|
|
|
Voting Requirements
|
Often spelled out in the bylaws and may identify what constitutes a quorum and the method of voting. |
|
|
|
|