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'Lining your own pockets' violates federal and state non-profit laws...

Mark Schacht - Divemaster
January 28, 2003 at 19:05:25

"Self-dealing" is what it's known as in the trade, and of course similar practices are not limited to non-profits (as Enron showed us). However, tax-exempt organizations are public charities, operated for the good of the general public, not for the enrichment of individuals, no matter how important they may be to the long-term success of the organization.

If officials and/or board members of non-profits want to maximize their personal enrichment (beyond generous salaries and other perks), they have a duty NOT to do so by "self-dealing". If they were honest about this being their goal, the more honorable (and legal) way to go about it is to give up non-profit status and go into the for-profit world (where their only concerns will be securities fraud laws, etc.).

Of course, if they're as avaricious as Ken Lay and others, that'll be no solution...They'll still get bagged!!

Action Divers

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