Special interest group warns of trust scam against charities
Howard Lake | 25 April 2004 | News
The trusts special interest group of the Institute of Fundraising has warned of a scam against charities based on a cheque purportedly from a grant-making trust.
According to the special interest group’s email newsletter: “A trust sends you a cheque for, for example, £2,000 but then rings to say an administrative mistake has been made and you should in fact have only received £1,000.
“The charity subsequently issues a cheque for the difference and the original “donation” bounces at the bank. Cheques are forged and look to be from reputable trust organisations.”
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So, keep an eye out for any cheques that don’t look right, even if they appear to come from a trust. And be very suspicious if a trust contacts your organisation asking for a refund due to an administrative error.
About Howard Lake
Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Utopy.co (formerly GoodJobs). Researching massive growth in giving.