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Governing Board Oversight of Donor Dollars: Foundation for New Era Philanthropy

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Yale University Program on Non-Profit Organizations
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The exposure of the Foundation for New Era Philanthropy as a Ponzi scheme attracted wide press coverage in 1995. New Era promised nonprofit organizations that funds deposited with it would be matched in six months. In this case the reader is asked to evaluate the oversight of donor funds exercised by the governing board of Menno Haven, Inc., an operator of retirement communities that numbered among the Foundation's major beneficiaries.

Published Date: 01/09/1996

Suggested Citation: Miriam M. Wood and E. Lewis Leaman, "Governing Board Oversight of Donor Dollars: The Foundation for New Era Philanthropy," PONPO Case CNG #18, September 1996

Keywords: Nonprofit governance