SHOW / EPISODE

Fiduciary Firepower: What California Nonprofit Boards Must Know (and Get Right)

18m | May 27, 2025

California’s nonprofit sector manages more than $473 billion in revenue—and every board member is a fiduciary steward of that public trust. In this episode, we break down exactly what board members of California 501(c)(3) organizations are legally and ethically responsible for—and what happens if they get it wrong.

Based on the California Attorney General’s Guide for Charities and expert insights from BoardSource, this episode covers:

  • The three core fiduciary duties: care, loyalty, and obedience
  • Real-world implications of financial oversight, including liability for inaccurate reports
  • How to spot and prevent self-dealing, excessive compensation, and conflicts of interest
  • The legal difference between related vs. unrelated business income
  • Best practices for internal controls, budgeting, and board-level audits
  • What to document—and what could trigger personal liability or regulatory action
  • Filing and compliance essentials: Form CT-1, RRF-1, SI-100, Form 990, and more

Whether you're a seasoned trustee or newly appointed to a board, this episode equips you with the clarity and caution needed to govern with confidence—and avoid legal risk.

🎧 Listen in and ask yourself: Does our board culture empower fiduciary excellence—or expose us to preventable risk?

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A Nonprofit Board Member's Guide to Serving the Mission
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