The Tennessean reports on a a Georgia based charity called Angel Food Ministries who recently had their offices raided by the FBI and IRS. The charity services the Middle Tennessee area by providing food boxes to the needy at an affordable price, allowing participants in the program to stretch their food dollar. Among a lot of questionable actions, the Angel Food ministries has a corporate jet, and loans money to board members:
“It’s unethical and might be illegal,” said Lewis Lavine, president of the Center for Nonprofit Management in Nashville. “Staff and board members should not be getting loans.”
Dan Busby, acting president of the Evangelical Council for Financial Accountability, said that loans to staff or board may be legal under certain circumstances. But the board of directors can’t approve of loans for themselves and the organization must charge market rate interest.

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