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Wrongdoing by Officers and Directors of Charities: A Survey of Press Reports 1995-2002

48 Pages Posted: 29 Sep 2003  

Marion R. Fremont-Smith

Harvard University - The Hauser Center

Andras Kosaras

Council on Foundations

Date Written: September 2003

Abstract

This paper presents the results of a survey of newspaper reports published between 1995 and 2002 of incidents involving allegations of criminal and civil wrongdoing by officers and directors of charitable organizations. Of the one hundred and fifty-two incidents found, one hundred and four entailed criminal activity, fifty-four involved breaches of the duties of loyalty and prudence - self-dealing, failing to carry out the mission of the charity, and negligent management of assets - while six fell into both categories. The authors set forth the limitations of a study of this nature and point to problems of governance that emerged from their findings.

Suggested Citation

Fremont-Smith, Marion R. and Kosaras, Andras, Wrongdoing by Officers and Directors of Charities: A Survey of Press Reports 1995-2002 (September 2003). Hauser Center for Nonprofit Organizations Working Paper No. 20. Available at SSRN: https://ssrn.com/abstract=451240 or http://dx.doi.org/10.2139/ssrn.451240

Marion R. Fremont-Smith (Contact Author)

Harvard University - The Hauser Center ( email )

79 JFK Street
Cambridge, MA 02138
United States

Andras Kosaras

Council on Foundations ( email )

1828 L Street, NW
Washington, DC 20036
United States

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