Infographic: Steps to Prevent Nonprofit Fraud
It seems like a far-fetched theory – who would want to steal from nonprofit organizations, which are tasked with helping individuals and groups involved in a host of worthy causes? However, fraud does happen at charities, and more often than you would expect. Nonprofit executives and board members need to know what to do to stop criminals in their tracks.
In the four years between 2008 and 2012, more than 1,000 charities in the United States reported losses of at least $250,000 due to theft, fraud, or embezzlement. A keen understanding of common risks and proven preventative solutions remains essential to an effective and secure nonprofit administration.
How can nonprofits best prevent and avoid fraud? This infographic provides:
- Common warning signs to detect in people who commit nonprofit fraud
- Powerful statistics for nonprofit fraud
- Organizational and technical solutions for proactive prevention