Don't Overpromise Value of Charitable Contributions
How Much is Deductible? 
A key selling point for an organization seeking donations is to "tout" the potential income tax benefits to be realized by a prospective donor. However, there may be instances where a donor will not be entitled to a full or even a partial deduction for the cash or property contributed to an organization. Here are some examples: Read more
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Fraud Motivations
One officer of an Organization said, "If I had known he needed money, I would have loaned it to him". Another asked, "How could this happen"? And yet another exclaimed, "We are r  uined! We can't make payroll!" All of these are reactions to the discovery of fraud in their Organization. Hindsight will eventually bring us to ask WHY did this happen. What are the motivations for our employees in considering committing these crimes? Read more
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Recognizing & Valuing Gifts in Kind & Donated Services
Not-for-profit organizations receive support in  various forms during the year; two of those forms are gifts in kind and donated services. In most cases, the value of these items should be recorded on the books of not-for-profit organizations. In some cases, if the value of the gifts in kind and donated services is immaterial to the organization there may be no need to record the items. Read more
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