Top 5 Ways to Reduce Liability for Board Members

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  • Опубликовано: 15 ноя 2024

Комментарии • 4

  • @FoundationGroup
    @FoundationGroup  Год назад +1

    If you need help filing for IRS 501(c)(3) status, we’d love to help. Fill out the form at bit.ly/3i6rFxz or give us a call at 888-361-9445.

  • @waynecmontgomery
    @waynecmontgomery Год назад +3

    Hello Greg, great video as always, and very informative. However, worth mentioning if your board is NOT paid, the federal government provides indemnity under the Volunteer Protection Act of 1997, however, there are limits to that law. Also, "some states" will provide liability protection for directors. States such as MA and VA, and many more, I would highly recommend charities read their states' nonprofit statutes along with federal law there are some limitations to these indemnifications. I would also recommend charity operators start their charities in a charitable immunity state such as MA, VA, NJ, and others again there are some limitations just my advice as a former 20-year plus out-of-work attorney. As a side note, I believe that you are a motorcycle guy 🤔🤣.

    • @gregmcray
      @gregmcray Год назад +1

      Great points, Wayne. Yes, definitely a motorcycle guy...Kawasaki Ninja 1000 SX 🏍

    • @waynecmontgomery
      @waynecmontgomery Год назад +1

      @@gregmcray My old (law firm)boss loved Harley Davidson and hated when they started making their bikes overseas. he road to work every morning when the weather permitted in the northeast.