When I ask members of a governing board about their job, someone (frequently a lawyer or a banker) often uses an obscure word that speaks rather deeply to the nature of the board’s role: “The board is a fiduciary.”
What Does it Mean to Be Non-profit?
I had always assumed that religion was a naturally nonprofit enterprise. But then, while touring Nashville with a fellow minister, I heard the story of a Presbyterian named Frist. “You know how Bill Frist’s family became billionaires?” my colleague asked.

