Area nonprofits struggle under new regulations

Posted at 6:28 PM, Dec 12, 2014
and last updated 2015-12-07 18:13:25-05

Imagine working hard and dedicating your time with no chance of closing a business deal and no paycheck. That's what it's like for many board members at area nonprofits these days.

The issue is making headlines in the cover story, called Board Games, in Friday's Business First. The report takes a look at ongoing changes that are sweeping nonprofit boards across Western New York.

In the past, sitting on a board padded your resume and could get you a foot in the door for a business deal. The report says those days are gone under New York's new Nonprofit Revitalization Act. It's the first overhaul in more than 40 years.

New rules mean that potential board members are dwindling. Every nonprofit is required have a board of directors, but local organizations say they can't find people to give up their time and work hard for free, with no perks in return. You can read more about in today's Business First.

Congratulations are going out to Hutch Tech.  Several students are scholarship winners after competing in the sixth annual Junior Achievement Stock Market Challenge yesterday. Organizers simulated the floor of the New York Stock Exchange right at the Buffalo Niagara Convention Center.  The goal is for students to experience the highs and lows of the stock market and to utilize the knowledge they gained in their classroom studies.