According to the ACFE’s upcoming 2020 Report to the Nations, nonprofit organizations were the victim in 9% of fraud cases reported by CFEs in the study — with a median loss per instance of $75,000 and an average loss of $639,000. Of these cases, nonprofit employees were more likely to commit fraud (39%), but those at the director and board level tended to steal more ($250,000 compared to $21,000 by employees). These losses might seem small when compared to the losses experienced by other types of victim organizations, but they can have a significant impact on nonprofits since many of them already have extremely limited financial resources. Furthermore, a fraud loss can be devastating to a nonprofit if the reputational damage and break in public trust cause a withdrawal of support and resources from donors.

https://www.acfe.com/fraud-examiner.aspx?id=4295010515&mkt_tok=eyJpIjoiTVRFNFl6VTBaamd4Tm1abSIsInQiOiIyQXFWRFhwMGFVV3FSR3pOZHFJV2R4a1poekhCT0lHNWE0bmFPZUQxTHBlUHhpdFdGWnh5d0FhSEo4TjIrb09EMDRvNitPQnJTbjZBUzVaTjVZU0pnRHRrUXZUT3JaTVlUZEd6bFJ1SjlYSjJFXC91ZytTRVYzU0NVbHhxVnlqcWIifQ%3D%3D#.XpdPNh2HHb4.twitter#.XpdPNh2HHb4.twitter