What’s Under Your Bed? A Fundraising Fiasco

Abstract

Student clubs and sports often struggle to raise funds. With limited revenue streams, coaches or advisors and parents routinely find themselves managing candy sales, car washes, raffles, and ticketed fundraisers to support programming. In this case of a swim team fundraiser, school leaders see the range of problems that can occur when a routine practice—extracurricular fundraising—goes awry. With Cressey’s fraud triangle as a backdrop, readers learn to deter and prevent financial mismanagement and fraud through the development of internal operating procedures and oversight.