William P. Barrett just reported that the Better Business Bureau Wise Giving Alliance has asked several dozen large charities how they value deworming meds.
In his article, BBB Asks Charities To Explain Deworming Med Valuations, he says the BBB sent a letter in early January asking for a variety of information, including dollar volume of the meds distributed, number of pills, and the accounting rationale for the valuation that was used.
If you are at all interested in this issue, you need to read the article.
I can’t help but look at the timing. The BBB letter went out “in early January”. The IRS letter is dated January 6. There is a lot of interest building from different directions at the same time.
I’m wondering, and concerned, about who else is looking at this issue. There has been a whole bunch of stuff developing that was not visible 72 hours ago.
Not that anyone is asking me, but I think its time for a bunch of NPOs to assemble their crisis management teams. This isn’t going away.