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being a member of a nonprofits board of directors comes with a lot of responsibilities youre part of the organizations governing body youre expected to provide guidance and oversight as well as strategic planning and youve got a monetary role accountable for the nonprofits budget and financial activity well theres also another important expectation and that is maintaining confidentiality regarding matters that are not for public consumption [Music] im greg mcrae from foundation group and welcome to 501c3 university the confidentiality is really a part of a board members overall fiduciary responsibility well that itself might be a new concept to some so lets first talk about what being a fiduciary means this is important because board members have a strict fiduciary responsibility to the non-profit they serve when hearing that word fiduciary most people immediately think about money well often that may be exactly what someone is talking about if they mention fiduciary however
