This week is Charity Fraud Awareness Week and the Fraud Advisory Panel has been spreading the hashtag #charityfraudout across social media to bring awareness to charity fraud.
On October 10th, The FTC published on their site that they received reports of fake charities taking advantage of the devastation that Hurricane Florence caused in North and South Carolina.
With Hurricane Michael and the upcoming Giving Tuesday on November 27th, it’s a great time to learn how to protect yourself and your business from charity fraud.
Verify before you give.
Below is a video and graphic provided by the FTC Consumer Information site and there are resources from the Fraud Advisory Panel and the IRS to help you verify before you give. I have added the links below.
Want to know how to protect the vendor master file from charity fraud? Listen to the Putting the AP in hAPpy Podcast - Episode 3: Fake Charities: How to Protect Your Vendor Master File from Fraud.
FTC Scam Alerts: https://www.consumer.ftc.gov/features/scam-alerts
FTC Charity Learn More: ftc.gov/charity.
FTC Article “Charity Scams Follow Hurricane’s Wake” https://www.consumer.ftc.gov/blog/2018/10/charity-scams-follow-hurricanes-wake
Comparitech Blog: “Charity donations, online fraud, and hoaxes: What to look out for” https://comparite.ch/avoidcharityscams
Fraud Advisory Panel: https://www.fraudadvisorypanel.org/
IRS Tax-Exempt Organization Search Tool: https://www.irs.gov/charities-non-profits/tips-for-tax-exempt-organization-search
Debra R. Richardson,
MBA, APM, APPM, CPRS
Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.
For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five Accounting Systems/ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.