In the past, donors typically supported charities by providing general operating support, often sealing the deal with little more than a handshake.
But those days are past. As the number of nonprofits has risen dramatically in recent decades - reaching nearly 1.5 million in 2006 - and the incidence of nonprofit fraud and abuse has increased, many donors now give only to charities that are transparent about their mission and activities and provide detailed information about their finances.
Charities that have nothing to hide and are open to inspection gain the confidence and respect of all of their stakeholders. These are the nonprofit institutions astute donors should be considering in their giving programs.
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