donations. The Journal of Business Ethics reports that fraud losses affect not only small, local charities run by volunteers but also large, well-known charities with thousands of employees. Examples include $1.5 million of employee theft at Memorial Sloan-Kettering Cancer Center, $43 million of improper payments to grantees at The Global Fund, and a $26 million endowment write-off at New York University due to a fraudulent investment manager. Many charities prefer to handle cases of fraud quietly because public disclosure can be costly. In addition to the direct cost of the diverted assets, disclosing a fraud may cause the charity to lose future donations or volunteers. Moreover, other charities and society at large can suffer from the spillover effects of diminished trust in the nonprofit sector as a whole (Bradley 2015). See also National Taxonomy of Exempt Entities (NTEE) References External links GuideStar searchable directory of nonprofit organizations and governance information Must I Register link to determine if a non-profit is exempt from state registration. Taxation in the United States Non-profit organizations based in the United States