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|
| 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. |
| Validation
of Needs |
Approval of a list of stated dollar
needs; ideally, needs should be studied and validated by a governing body
and other volunteers who are important to an organization's success. |
| 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 your 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.t |
| Values |
Principles, standards, or qualities
considered worthwhile or desirable. |
| VBScript |
Visual Basic Scripting Edition.
A programming language developed to create scripts (miniprograms) that can
be embedded in HTML Web pages for viewing with Internet Explorer. These
scripts make Web pages more interactive.
|
| 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. |
| 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 respondeat 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.
|
| Vice-President |
Under the Constitution, the vice
president serves as President of the Senate. He may vote in the Senate in
the case of a tie but is not required to. The President Pro Tempore (and
others designated by him) usually perform these duties during the vice president's
frequent absences from the Senate.
|
| Video |
Visual images displayed by a device
as opposed to audio signals transmitted by a device.
|
| 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
Corporation |
Businesses composed of independent
individuals and/or businesses that provide the physical resources of the
corporation. Though operating from separate locations, they function together
as an integrated business entity. There is no physical headquarters from
which the enterprise is run.
|
| 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
Memory |
A part of your hard disk called
a swap file, dedicated as a storage area for bits of data in RAM that aren't
being used much. By freeing up RAM, the amount of working memory available
increases.
|
| Virtual
Office |
An office where employees have
the freedom to work anywhere through the use of portable technology. |
| Virtual
Volunteering |
Volunteer tasks completed via
the Internet.
|
| 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.
|
| 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 |
Sets out the reasons and purpose
for an organization's existence, and the ideal state the organization aims
to achieve. The mission also identifies major goals and performance objectives. |
| Vision
Statement |
Describes the organization's preferred
future. |
| Visioning |
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 of the future, which are then transformed into a manageable
and feasible set of goals and an action plan. |
| Visual
Basic |
A high-level programming language
that's graphically-oriented and relatively easy to learn, it can be used
to create everything from simple database applications to commercial software
packages. |
| 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
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 whose
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 empoyees to reduce work hours for a specified period
of time with a corresponding reduction in compensation.
|
| Voluntary
Sector |
The voluntary sector is comprised
of self-governing organizations that exist to serve a public benefit and
generate social capital. The Voluntary Sector relies heavily on the efforts
of volunteers in carrying out its mandate. In addition, it is independent
of the formal structures of government or the profit sector. |
| Volunteer |
Any person performing services
for a nonprofit organization or governmental entity who does not receive
compensation other than reasonable reimbursement or allowance for expenses.
(no more than $500 per year)
|
| Volunteer |
A person who donates or gives
their time and talents to provide services to other people, or to the community-at-large. |
| Volunteer
Protection Act of 1997 |
This act removes volunteers, while
acting within the scope of their duties as volunteers, from liability for
negligent acts or omissions committed . The act does not relieve a volunteer
from all responsibility for his/her actions
|
| 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. |
| Vortal |
A vortal is a portal Web site
that provides information and resources for a particular industry, group
or subject area.
|
| Vote |
Unless rules specify otherwise,
the Senate may agree to any question by a majority of senators voting, if
a quorum is present. The Chair puts each question by voice vote unless the
"yeas and nays" are requested, in which case a roll call vote occurs.
|
| VPN |
Virtual Private Network. A private
network of computers that's at least partially connected by public phone
lines.
|
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Glossary information provided by the Nonprofit Good Practice Guide, a project of the Philanthropic and Nonprofit Knowledge Management Initiative (PNKM) at the Dorothy A. Johnson Center for Philanthropy & Nonprofit Leadership.
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