Reducing nonprofit fiduciary liability: Mitigating your organization's risks

Abstract

Nonprofit organizations and their leaders, as sponsors and fiduciaries of group health and welfare plans, operate within a fluid regulatory environment. They must generally adhere to the same federal, state and local laws as their for‐profit counterparts, but sometimes do so with less‐stringent governance. They often rely on well‐intentioned volunteer boards, streamlined human resource structures and a mission‐driven focus that can overshadow meticulous attention to regulatory details.