Wednesday, November 03, 2004

Commentary: When Charity Begins At Home

Commentary: When Charity Begins At Home: "When Charity Begins At Home
With the IRS focused on corporations, abuse among foundations is spreading

James Beard Foundation President Leonard F. Pickell Jr. resigned under a cloud in September after board members discovered that the New York culinary group had squandered hundreds of thousands of dollars. Sure, that's pocket change compared with many corporate scandals, but the missing money -- allegedly frittered away on hefty salaries and extravagant meals -- is a big chunk of the nonprofit's $4.7 million annual revenue. "

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