At some point, nonprofits may face financial strain and seek emergency funding to help sustain their missions. In some cases, board members, officers, or nonprofit staff may wish to help support the nonprofit’s activities by loaning money to the organization. While this may seem like a simple solution, nonprofits should proceed with caution. This article lays out state and federal legal obligations of a Georgia nonprofit organization that accepts a loan from a board member, officer, or employee.
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Pro Bono Partnership of Atlanta