News of corporate scandals
abound. As CEOs go to jail and huge companies go
under, many businesses have taken a closer look at
their own practices. One area that also needs to be
carefully scrutinized is the world of nonprofit
organizations. Americans collectively donate more
money per year to charities than the entire gross
domestic product of most nations. Such enormous
wealth attracts people with less than pure intent,
as well as legitimate philanthropists.
There are many ways to commit fraud in a nonprofit
organization. This article highlights some of the
more prominent cases and the relevant laws. Also
discussed are those activities that are not
necessarily illegal, but do not sit well with the
average taxpayer.
