As stated in the book "Managing Nonprofit Organizations" by Mary Tschirhart-Wolfgang Bielefeld and Jossey-Bass, 2012, there’s traditionally three “Duties of the Board”:

1 - Duty of Due Care: Ensure smart use of the facility, people, and good will. Provide oversight for activities that help with effectiveness and sustainability. Note that "sustainability" includes fundraising. 2 - Duty of Loyalty: Make decisions in the best interest of the nonprofit (as opposed to decisions in one's own self-interest). 3 - Duty of Obedience: Ensure that the nonprofit obeys laws and good ethics, and adheres to its

2 - Duty of Loyalty: Make decisions in the best interest of the nonprofit (as opposed to decisions in one's own self-interest). 

3 - Duty of Obedience: Ensure that the nonprofit obeys laws and good ethics, and adheres to its mission.