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To Give or Not to Give: Charity and Nonprofit Fraud
Richard G. Brody,
University of New Mexico
ABSTRACT. There are many good people in this world. Billions of dollars are contributed annually to various not-for-profit corporations. These include charitable, educational, religious, cultural and many other types of organizations. Sadly, these entities are often fundamentally flawed as they rarely have segregation of duties, often receive a steady stream of cash donations, rely on volunteers and tend to have an unpaid board of directors with little or no financial experience. Fraudsters prey on such organizations as they tend to be easy targets. It is sad but true that many take advantage of the trust that is placed in them. This paper explores various issues with respect to fraud in charities and other nonprofit organizations. If you are going to give, what should you do first? If you are one of these organizations, what can you do to minimize the likelihood of fraud?
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