Nonprofits fear money in center's care vanished
By Jeff Gottlieb, Los Angeles Times
February 14, 2012
More than 200 nonprofit groups, from animals rights organizations to political activists, said most of their donated funds appear to have vanished after the organization that watched over the money suddenly ceased operations last month.
The International Humanities Center closed its offices, took down its Web page and informed its clients by email that it has ceased operation. The center served as an umbrella organization for small nonprofit groups, handling their donations and performing administrative duties.
Directors from two of the groups said the executive director of the center told them only $10,000 was left in the accounts his organization held when there should have been $1 million.
A tally of potential losses compiled by directors of 40 of the groups comes to $877,000.
more
http://www.latimes.com/news/local/la-me-missing-money-20120214,0,2458183.story
= new reply since forum marked as read
