Legal Duties and Liabilities of Directors and Officers of Charities and Not-for-Profits and Risk Management

www.carters.ca

www.charitylaw.ca

•High Fiduciary Duties with Regard to Charitable Property

–The following duties relate specifically to the high fiduciary duties where charitable property is involved, whether such property is held by a charity or by an NPO

–Duty to Carry out the Charitable Purpose

§Charities can have one or more charitable purposes

§The charity’s resources must be used to carry out the purposes of the charity

§Directors have a positive duty to further the charitable purposes of the corporation

–