Nonprofit Board Governance

How to Make $44 Million Disappear in Plain Sight

The amazing story of how one prominent nonprofit board fell asleep at the wheel of a $200 million charity

Photo by Aditya Saxena on Unsplash

I have served in a variety of seats in the not-for-profit sector over the past 25 years.

I received my IOM (Institute of Management) designation from the United States Chamber of Commerce in 2007. I have used my training and practice to support dozens and dozens of organizations.

In all my time, I have never seen anything like the unconscionable failure of stewardship of the Detroit Riverfront Conservancy.

You have to read it to believe it.

Former Detroit Riverfront Conservancy CFO William Smith admits he stole at least $44.3M

If you serve on a board — be reminded, that you are the ultimate steward of your organization’s assets!

3 insights for nonprofit board leaders

Excerpt of an article I penned for the Birmingham Business Journal in 2010