July 20, 2007 | Read Time: 1 minute
The author of a philanthropy blog for the Palm Beach Post in Florida wonders why the board of directors of a local charity that has filed for bankruptcy did not do a better job of managing the group’s fiscal affairs.
Susan R. Miller, who writes What Gives?, names some of the board members of the Center for Child Development, in West Palm Beach, and asks: “Who among this highly credentialed group was reviewing the financial statements? Where were the internal controls? Who was reviewing expense reimbursements? Shouldn’t board member have noticed something was out of order?”
She notes that the board was waiting for $30-million that had been set aside for local health-care needs after a Catholic health group sold off two medical centers, money that has been held up. “That’s like hoping you’ll have this week’s lottery ticket,” she writes.
Are you aware of any other blogs that cover local philanthropy issues? Or daily newspapers that cover the issue well? If so, click on the comments link below.
