Investing with Care: How to Avoid Investment Scams and Surprises

The arrests of Bernard Madoff and other investment managers alleged to have defrauded investors have sent shock waves through the nonprofit community. If you’re a nonprofit board member or investment committee member, you should be taking a close look at your organization’s investment policies and due diligence. As an investment fiduciary, you aren’t required to guarantee that your investments perform well. But you do owe a "duty of care" with respect to the investment and management of investment funds. ECFA