According to a recent Washington Post article, more than 1,000 nonprofit organizations reported that they had discovered a “significant diversion” of assets from 2008 to 2012. Significant diversions included losses attributed to theft, fraud, embezzlement and other unauthorized use of funds in an amount exceeding $250,000 or 5 percent of an organization’s annual gross receipts or total assets. Pro Bono Partnership of Atlanta has assisted clients with instances of theft or embezzlement by employees and volunteers at a rate of about one nonprofit a year. An article from the Venable law firm includes a list of proactive steps organizations can and should take to prevent and detect employee and volunteer fraud and embezzlement. Pro Bono Partnership of Atlanta can help nonprofits in this effort by drafting financial policies and procedures that implement strong internal controls and segregation of duties. Please contact us for assistance.