Elizabeth Glaser Pediatric AIDS Foundation

“In April of 2015, the Foundation discovered that one of its former employees from the Democratic Republic of Congo misappropriated approximately $350,000 from the Foundation's DRC country office. The fraud, which mainly entailed falsifying vendor invoices, inflating their value and then subverting part of the payments made to those legitimate vendors, was discovered by finance staff in the DRC office and was thoroughly investigated by the Foundation's Certified Fraud Examiner and Senior Fraud Investigation Team. Immediately after the discovery and investigation of the malfeasance, the Foundation bolstered internal controls across all country offices, including expanding segregation of duties where necessary, centralizing collection of vendor invoices in country offices, requiring full payment on invoices, and requiring that country offices submit all supporting documentation for transactions to the Washington, DC accounting department on at least a monthly basis.”

“Prior to the issuance of the form 990, the form was reviewed in detail by the foundation's president and chief executive officer, vice president of human resources and administration, and senior director of accounting. The ceo, vp of hr and administration, and senior director of accounting of the foundation also met with the audit committee of the board of directors to review and approve the 990 prior to its issuance. Finally, copies were forwarded to all members of the board of directors prior to issuance.”

“Members of the foundation's governing body as well as foundation staff are asked to sign a statement requiring them to disclose any conflicts of interest on an annual basis. In addition, staff are made aware of the foundation's policy upon hiring and are asked to disclose the existence of any conflicts of interest at that time. The current policy, which covers all foundation employees, requires that all personnel immediately notify the vice president of human resources and administration as soon as potential conflicts arise. The vp of human resources and administration will then determine the appropriate channel of consideration for the conflict and respond to the disclosing party before the transaction in question may be consummated. Non-responses are revisited by appropriate members of management.”

“In order to determine the compensation package given to the foundation's president and chief executive officer, the foundation has in the past engaged a well known executive recruiter to accumulate compensation data for candidates from similar organizations in the not-for-profit community and has engaged an outside attorney to provide further guidance regarding the proposed compensation package. In the current year, the foundation reviewed independent survey data looking at other not-for-profit organizations of similiar size and gross revenue and revisited the data obtained from the aforementioned executive recruiter for use as a benchmark. Based on that data, the foundation's board of directors, a body composed of persons who do not have a conflict of interest with respect to the arrangement, met in executive session to discuss the compensation package to be given to the foundation's president and chief executive officer. Documentation supporting the decision that was made is maintained by the foundation's vice president of human resources and administration.”

“The foundation makes its annual audited financial statements as well as its irs form 990 available to the public on its website.”

“Cameroon cote d'ivoire (ivory coast) congo (kinshasa) lesotho kenya malawi mozambique rwanda swaziland switzerland tanzania uganda zambia zimbabwe”