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Does the nonprofit possess a lot of income? While this may be an asset to the nonprofit, it can be a substantial liability to you personally. Make use of on a nonprofit Board, you assume "fiduciary responsibleness." That means that if something goes terribly wrong, and the consequences involve substantial losses for the nonprofit, totally cut off . held personally liable, plus your other Board members, up to their skill to pay. That means, for example, if there is really a loss of greenbacks due to neglect or malfeasance, your colleagues for a Board could be ordered so that it will right.
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