Add Wealth Creation And The Danger To Be Aware Of

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Does the nonprofit possess a lot of cash? While this may be an asset to the nonprofit, it are often a substantial liability to you personally. Whilst on a nonprofit Board, you assume "fiduciary duty." That means that if something goes terribly wrong, along with the consequences involve substantial losses for the nonprofit, you can be held personally liable, with the other Board members, up to their ability to pay. That means, for example, in case there can be a loss money due to neglect or malfeasance, everyones colleagues by the Board could be ordered to make it right.
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