The Nonprofit Fiduciary

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Nonprofit Word of the Day: Fiduciary File

I’m a Nonprofit Board Member – What’s up with all this jargon? Communication can be a funny thing – each group has its own special terminology and shorthand that can prove frustrating until you “speak the language.” Our Language of Nonprofit Fiduciaries© is a great tool and will get you speaking Fiduciary in no time! […]

I’m a Nonprofit Board Member – What’s up with all this jargon?

Communication can be a funny thing – each group has its own special terminology and shorthand that can prove frustrating until you “speak the language.” Our Language of Nonprofit Fiduciaries© is a great tool and will get you speaking Fiduciary in no time!

 

Nonprofit Word of the Day: Fiduciary File

 

It sounds pretty simple, doesn’t it? You’d be amazed at how few nonprofits actually have Fiduciary Files – even though they would all tell you they should have one (and wish they did!)

 

 

The Fiduciary File is an easily accessible and organized set of documents that define what the nonprofit’s Fiduciary Process looks like and demonstrates that it is being implemented.

 

Documents included are: Trust and Organizational Documents including Articles of Incorporation, Certificate of Registration and Bylaws; Board and Committee Agendas and Meeting Minutes; Tax and Accounting Documents; Investment Policy Statements; Custodial and/or Brokerage Statements; Investment Management Reports; Service Provider Agreements; Asset Allocation Studies; and Due Diligence Files on Funds, Investment Manager and Other Service Providers.

 


Understanding and implementing this System is extremely valuable and puts you directly on the path to Fiduciary Excellence.

Learn more about Prudent Practices for Investment Stewards published by Fi360, here.


Our team of experienced fiduciaries and CEFEX Analysts provides practical fiduciary education and consulting services to help you readily meet your fiduciary responsibilities so you can focus on what inspires and motivates you!

See our Training Introduction – FiduciaryPath Fiduciary Consultants

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