Fiduciary obligations require charitable non-profit organizations to adhere to the highest ethical and legal standards. In every decision made and action taken, a charitable non-profit must:
- Act in good faith
- Place the best interests of the organization and its beneficiaries first
- Exercise the care a prudent person in a like position under similar circumstances would use
In pursuit of these objectives, a charitable non-profit organization’s board of directors is subject to a multitude of federal and state regulations.
