Nonprofit executive directors are extremely busy people and responsible for many things within their organizations. They carry out the mission of the organization, do fund raising, handle administrative and operational tasks, oversee employees, support board members, and much more.

But there is also one more responsibility that falls on their shoulders and that is managing investment decisions. Since investment decisions are handled by board members, many executive directors believe that they are not considered fiduciaries and thus, are not subject to fiduciary duty.

Is this the correct statement? Are executive directors indeed not considered fiduciaries of their nonprofit organizations? The answer, is no.

In this video, I explain why an executive director is a 100% investment fiduciary and what he or she needs to do in order to fulfill its fiduciary duty and minimize the unnecessary fiduciary risk.

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Vitaly Novok is a fiduciary expert that helps nonprofit organizations to implement fiduciary best practices and enhance its value to donors and beneficiaries. If you are looking to raise your fiduciary literacy as a nonprofit leader in order to protect yourself and your nonprofit organization from a fiduciary risk, please feel free to schedule a call below.

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► Visit Lestna Retirement: www.lestna.com

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