The board of directors of a nonprofit has a fiduciary responsibility to protect the assets of the nonprofit and ensure that the nonprofit's operations and activities use the assets to further the nonprofit’s mission. A prudent way to serve as fiduciaries of a nonprofit's assets may be to invest the nonprofit’s cash in investment vehicles, such as stocks and bonds, and other financial investments.
https://www.councilofnonprofits.org/tools-resources/inves...
Topic tags: Investment Policy
Related guides: Investment of Nonprofit Financial Assets