- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
It is quite easy to find corruption within nonprofits. This is particularly the case in the subsector of not-for-profits that are incorporated as traditional 501(c)(3) entities. With the continuing erosion of public confidence in charities, these institutions must act now, both individually and collectively, to bolster trust and ensure public support for nonprofits that has been a hallmark of American democracy.
This book explores the causes of malfeasance in the nonprofit realm. It examines how the current inadequate regulatory environmentâtogether with inherent "agency" problemsâcan lead organizations astray as they turn away from fulfilling donor wishes to instead act in their own self-interest. The book highlights the distinction between "soft corruption" in the nonprofit sector and "hard corruption." The former includes the misuse of donor funds that do not cross the line into illegality and the latter covers explicitly illegal misappropriation of contributions.
In Foul Play in the Nonprofit Sector, economist Mark S. LeClair provides constructive overviews regarding charity evaluation. Is it truly fair to judge nonprofits on their financials? The financial figures so frequently dictate the value of a nonprofit, and this often isn't the best way to judge a charity's performance. The manuscript includes suggestions for internal sectoral changes and regulatory reforms that can deter corruption at nonprofits.
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Information
Table of contents
- Cover
- Front Matter
- 1. Nonprofit Corruption: Description, Causes, and Effects
- 2. Nonprofits by the Numbers: Data Overview and Stakeholder Interests
- 3. Misuse, Misdemeanors, and Felonies: The Levels of Nonprofit Malfeasance
- 4. When Philanthropy Goes Wrong: The Role of Agency Problems and Poor Oversight
- 5. Preventing Nonprofit Malfeasance: Internal Controls, Transparency, and the External Regulatory Environment
- 6. Seeking Solutions: Greater Oversight, Self-Regulation, or a New Direction
- Back Matter