In my opinion, the answer is a hard yes. That is a controversial opinion in many nonprofit circles, but I feel it should be a minimum standard of board member participation.
When I was approached to be a Brucemore trustee and serve on the board, the expectations were thoroughly outlined. I appreciated the honesty and upfront nature. Here is the friendly reminder of the annual financial commitment I made in joining this great organization.
In our fundraising campaigns, it is imperative that all board members be givers to a capital campaign. Many foundations will contribute only to organizations in which every board member is a contributor. It’s important because 100% participation shows commitment to the project and faith in the organization.
How much should you give? That personal decision should be up to each board member. Even a gift of $10 is appropriate, but my feeling is that if you are on the nonprofit board, you must be on the giving scoreboard as well.