The individuals responsible for managing a foundation’s assets want their investments to do well. Beyond these good intentions, however, most states maintain laws with higher standards that legally bind trustees and board members to certain duties and responsibilities.
Whereas the law holds fiduciaries to a high standard, the standard can be met by following a prudent investment process and maintaining proper documentation. This resource introduces practices that, when followed, can enable all board members to fulfill their fiduciary duties in the area of investments.
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