The PVG Group
Serving as a fiduciary for a charitable or nonprofit organization requires knowledge of investment issues and an understanding of how investment-related decisions may impact the organization. Poor execution of one’s fiduciary responsibilities may result in personal liability for fiduciary negligence.
A combination of regulations and governing entities oversee the financial operation of nonprofit organizations. Learning about these structures and the steps that can be taken to demonstrate the prudent management of organization assets—such as developing spending and investment policy statements; rigorous investment manager selection and oversight processes; and comprehensive administrative and record-keeping procedures—is an important first step in meeting your fiduciary obligations.