Duties and Liabilities of Directors of Nonprofits
by Lisa A. Runquist Updated 7/14/01 1. Introduction Nonprofit organizations are big business. Because of this, and because of their unparalleled growth, nonprofits are receiving attention like they never have before (between 1974 and 1997, the sector doubled in size), both from Congress, and because of this, from the Internal Revenue Service. Another more disturbing…