Key Term

What is Stewardship?

Definition

Stewardship in charitable giving refers to the responsible planning, management, and oversight of donated resources, including money, time, and assets. It encompasses the ethical and efficient handling of contributions to ensure they are used effectively to achieve the intended charitable purposes while maintaining transparency and accountability to donors.

Significance

Stewardship plays a crucial role in building and maintaining trust between donors and charitable organizations. Effective stewardship practices demonstrate respect for donors' intentions, encourage continued support, and help ensure the long-term sustainability of charitable missions. Organizations that excel in stewardship typically experience stronger donor retention, increased giving levels, and enhanced reputation within the philanthropic community. This makes stewardship a fundamental component of successful fundraising and nonprofit management.