Fiduciary Principles in Charities and Other Nonprofits

Evan J. Criddle, Paul B. Miller, and Robert H. Sitkoff, eds., The Oxford Handbook of Fiduciary Law (Oxford University Press, 2018 Forthcoming)

19 Pages Posted: 8 Feb 2018  

Lloyd Hitoshi Mayer

Notre Dame Law School

Date Written: January 30, 2018

Abstract

This book chapter provides an overview of the fiduciary principles that apply to charities and other nonprofit organizations. More specifically, it discusses the criteria that trigger a fiduciary relationship, the duties of loyalty and care, other legal obligations that may apply to nonprofit fiduciaries, and the extent to which those duties and obligations may be modified or avoided. In the course of doing so, it discusses and critiques the approaches taken to these principles by the draft Restatement of the Law, Charitable Nonprofit Organizations.

Keywords: charities, nonprofits, fiduciary duties, duty of loyalty, duty of care, tax law

JEL Classification: K22, K34, K39

Suggested Citation

Mayer, Lloyd Hitoshi, Fiduciary Principles in Charities and Other Nonprofits (January 30, 2018). Evan J. Criddle, Paul B. Miller, and Robert H. Sitkoff, eds., The Oxford Handbook of Fiduciary Law (Oxford University Press, 2018 Forthcoming). Available at SSRN: https://ssrn.com/abstract=3113465

Lloyd Hitoshi Mayer (Contact Author)

Notre Dame Law School ( email )

P.O. Box 780
Notre Dame, IN 46556-0780
United States
574-631-8057 (Phone)
574-631-4197 (Fax)

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