Nonprofits make a social contract, purporting to operate for the public good, not profit.
Trust that their operations are indeed benefiting the public and they are acting truthfully is important for making that social contract work.
Shady companies doing shady things and keeping shady records doesn't incentivize any type of market participants -- investors, consumers, philanthropists.
Trust that their operations are indeed benefiting the public and they are acting truthfully is important for making that social contract work.
Shady companies doing shady things and keeping shady records doesn't incentivize any type of market participants -- investors, consumers, philanthropists.