Nonprofit Board of Directors have a fiduciary responsibility to their membership that does not exist in the private sector.

Nonprofit organizations – IF embezzlement is discovered it is 75% less likely to report the crime to the authorities fearing a decrease in contributed revenue once the news breaks in the media.

It is true that most nonprofits have fiduciary insurance but that only covers the monetary losses – it does not cover your reputation which will make page 1 of the business section.

More interesting facts about nonprofit fraud can be found in these articles:

The 10-10-80 Fraud Triangle

10% of Employees Will Never Steal

10% of Employees Will Always Steal

80% of Employees Will Steal Given the Correct Circumstances


We Will Follow Your Money – Its Just That Simple

the fraud triangle