Widespread Problems of Ethics/Accountability in Private Equity Industry

EthicsDo you think that nonprofits have a problem with accountability and ethics? Some small sliver of the more than one million nonprofits certainly does, but that hardly compares to the one-half of private equity firms that were found by the SEC to be charging illegal fees, falling short of mandated material controls, and lacking sufficient transparency and equity—even to their own investors.

Fight Between Norton Healthcare and Kosair Charities Gets Ugly

KosairKosair once operated its own children’s hospital, but closed it in 1982 to help establish the Kosair Children’s Hospital to be managed by Norton Healthcare. An agreement about how donations were to be used was struck at that time, but now a fight between Kosair and Norton has gone public, with Kosair charities alleging that Norton is not sticking to the terms.

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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