Risk is anything that can derail your nonprofit from accomplishing its mission. Risk management is a discipline for identifying risk, assessing how serious or sever the risks are, and determining ways to avoid or minimize harm and financial losses. Risk management is not some mystery. Enlightened risk taking requires awareness of the potential downsides or a new approach or program, thoughtful planning for positive outcomes, and simultaneously ensuring that there is as soft a landing as possible when a venture doesn’t work out as planned. We will provide some simple frameworks for organizing and implementing basic risk management practices in a nonprofit organization; share the most common risks facing nonprofits based on 20+ years of claims history; look at some specific areas of risk and what you can and should be doing to minimize your exposure.