2011 was a bad year for nonprofit investors (what with Madoff and all). But a bad year for some doesn't mean that other boards will learn anything.
Despite the incredible refusal by some nonprofit boards to understand the prime principle behind the duty of care (prudence or at least, make decisions as though the nonprofit were your own business) there are still many willing to offer counsel and ounces of prevention.
Take Dr. Ethics (Michael McMillon) who is willing to step up and offer guidance in his own treatise which all nonprofits with any money to invest should consider. By the way, I'm a strong proponent of supporting that nonprofit boards with money to invest should first look in their front yards at the local community foundation. Community foundations are in place to serve and protect your investments, and donations to these institutions benefit your community, possibly advancing your own mission.
Anyway, do check-out Dr. McMillan's investment advice. By listening and acting appropriately, you may be able to preserve your institution well into the future.
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