Summary on the Situation of the United Way Today Essay

Custom Student Mr. Teacher ENG 1001-04 2 January 2017

Summary on the Situation of the United Way Today

This past year United Way was marked with new and strengthened partnerships with businesses, governments, nonprofits and other institutions. The opening of the Mary M. Gates Learning Center began a new era in how United Ways expand the reach of its network. This state-of-the-art learning center at United Way Worldwide strengthens collaboration and learning opportunities, and fuels the progress of our worldwide movement.

President and CEO: Brian Gallagher

Vision–United Way envisions a world where all individuals and families achieve their human potential through education, income stability and healthy lives.

Mission–United Way improves lives by mobilizing the caring power of communities around the world to advance the common good.

Goals–In 2008, United Way initiated a 10-year program designed to achieve the following goals by 2018: • Improve education, and cut the number of high school dropouts — 1.2 million students, every year — in half. • Help people achieve financial stability, and get 1.9 million working families — half the number of lower-income families who are financially unstable — on the road to economic independence. • Promote healthy lives, and increase by one-third the number of youth and adults who are healthy and avoid risky behaviors. Tax-Exempt Status — all United Ways must be tax-exempt under Section 501(c)(3) of the Internal Revenue Code as well as corresponding provisions of other applicable state, local or foreign laws or regulations.

Governance — United Ways are governed by active, responsible, and voluntary governing boards to ensure effective governance over the policies and financial resources of the organization. These boards are responsible for United Ways delivering on their mission to advance the common good.

Ethics —all United Ways follow locally adopted codes of ethics for volunteers and staff that include provisions for ethical management, publicity, fundraising practices and full and fair disclosure.

Diversity —United Ways have adopted policies/statements to ensure volunteers and staff broadly reflect the diversity of the community served.

Financial Accountability —United Ways undergo annual financial audits conducted by independent certified public accountants whose examination complies with generally accepted auditing standards. In addition, United Ways have developed comprehensive requirements for completion of audited financial statements to ensure consistency and transparency system-wide. These requirements are based on industry best practices and comport with generally accepted accounting principles. Smaller United Ways (with less than $100,000 in annual revenue) may undergo an independent financial review.

Performance Excellence —every three years, United Ways conduct self-assessments of their governance, financial management and impact in the community.

Public Reporting and Disclosure —United Ways must file the IRS Form 990 in a timely manner and will provide the IRS Form 990 on their website, at their offices, or upon request.

Legal —United Ways comply with all applicable local, state and federal operating and reporting requirements.

Support the United Way Network —United Ways provide financial support to United Way Worldwide and follow standards to use United Way’s trademarks. United Ways charge fees based on actual expenses for donor-designated gifts and other processing services.

Reference
http://www.unitedway.org/

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  • Date: 2 January 2017

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