not for profit loans

Can a Board Member Loan Money to Their Nonprofit

May 13, 2020 | IRS rules relating to nonprofits, nonprofit line of credit

Board members for nonprofit organizations have immense responsibilities. You are expected to oversee daily activities, adhere to current bylaws, and ensure that finances are stable.  Should a board member with these responsibilities also be allowed to lend money to their nonprofit organization? The mindset of a board member should be to see your nonprofit succeed. […]

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