Serving on a nonprofit board is more than a high-impact way for executives to perform community service— it also provides benefits to the executive’s company.
Nonprofit boards provide an excellent, low-cost training opportunity for senior leaders. Executives that serve on nonprofit boards are able to expand their skillset by applying their expertise in a new context, all while engaging with and learning from people and communities from different professional and personal backgrounds.
At its core, nonprofit board service is a specialized type of skills-based volunteering, which is found to add value to the workplace. According to Deloitte, 91 percent of HR professionals agree that skills-based volunteering builds and hones business and leadership skills. Regina McNally, vice president of strategic workforce programs at State Street, summarized this effect: “Those [that engage in skills-based volunteering] learn in a whole new environment to let their brain work in a different way and bring those new skillsets back to the office.”