How Nonprofits Can Avoid Internal Fraud
A single case of employee theft can severely damage your organization’s reputation. Here are steps you can take to detect and deter fraud.
By Maria Di Mento
Senior Editor
Moody’s: Nonprofit Hospitals Returning to Fiscal Health
After several years of forecasting fiscal pain for nonprofit hospitals, the credit-rating agency is seeing improvement in the sector’s condition as patient numbers pick up and bad debt declines, Modern Healthcare writes.
Report Delves Into Ill. Charity’s Ties to Telemarketers
In the second part of an investigative report on charity telemarketing, the Chicago Tribune details the ties between VietNow National Headquarters, a veterans nonprofit, and commercial call centers that keep the lion’s share of revenue from appeals.
Survey Error Brings Hundreds of Charity Calls to Elderly Man
Amid a growing outcry in Britain over serial charity solicitations of the elderly, the Daily Mail traces how an 87-year-old dementia sufferer received more than 700 cold calls from nonprofit groups, some of which sold his personal details to questionable companies.
Donations to Nonprofit Subsidize Ind. Governor’s Travel
Indiana Gov. Mike Pence has used a corporate-supported nonprofit subsidiary of the state economic-development agency to cover official trips abroad and other expenses, writes the Indianapolis Star.
Ill. Telemarketer’s Charity Clients Got 15% of Funds Raised
The Chicago Tribune looks at the charity fundraising industry through the lens of a Chicago call center that keeps about 85 cents of every dollar it raises for nonprofit clients and has repeatedly faced regulatory scrutiny.
N.Y. Hospitals Partner With Nonprofits to Reduce Admissions
Hospitals and social-service charities in New York are joining forces to cut down on costly hospital stays in low-income communities as part of a state Medicaid-reform program, reports Crain’s New York Business.
Colleges Weigh Money and Values When Donors Want to Endow Chairs
The Chronicle of Higher Education looks at how universities weigh donor offers to endow faculty chairs in light of controversies over professorships named for divisive figures.
St. Louis Nonprofits That Employ Disabled Protest Wage Hike
“Sheltered workshops” that train and employ developmentally disabled workers are raising concerns about an amendment to a proposed city minimum-wage increase that would extend the mandatory raise to their organizations, reports the St. Louis Post-Dispatch.
With Cash Dwindling, Nonprofit Nev. Obamacare Co-Op to Close
Nevada Health CO-OP, one of 23 federally funded nonprofit insurers established under the Affordable Care Act to compete with traditional providers, will shut down at the end of the year after racking up tens of millions of dollars in losses, reports the Las Vegas Review-Journal.
4th Ex-Official at N.Y. Priest’s Charity Takes Plea in Inquiry
The former chief operating officer of a New York clergyman’s social-service nonprofit pleaded guilty Wednesday to misdemeanor charges of filing misleading paperwork with state officials, the fourth conviction in a state investigation of the charity, the Times Union of Albany writes.
Millions Donated by Californians on Tax Returns Go Unused
Nearly $10 million donated by Californians to charity via check-off boxes on their tax returns over the past decade is sitting unspent in government accounts, and much of the money never reaches the intended target, reports the Associated Press.
Foundation Investment Growth Slowed Substantially Last Year, Study Says
Returns fell to 6.1 percent in 2014 after two years of double-digit gains, and recent market gyrations raise concerns about even leaner times ahead.
By Alex Daniels
Contributor
Requiring Colleges to Spend More From Their Endowments Would Be Bad for All Nonprofits
Urging Congress to require the use of endowment earnings to defray tuition is a recipe for the kind of political interference that will anger donors.
By HOWARD HUSOCK
Contributor
Planned Parenthood Sues La. Over Cutoff of Medicaid Money
A Louisiana Planned Parenthood unit filed in federal court for an injunction to block Gov. Bobby Jindal’s order to terminate Medicaid funding for the organization in the wake of disputed claims that it traffics in fetal tissue, The Wall Street Journal writes.
New Wave of Criticism Aimed at Top College Endowments
A law professor’s essay criticizing the hefty fees collected by major universities’ investment managers has reignited debate about how elite colleges utilize, or don’t utilize, their multibillion-dollar endowments, The Chronicle of Higher Education writes.