Heard on the Web: National Heritage Foundation Moved $1 Million Prior to Bankruptcy Filing

Heard on the Web: National Heritage Foundation Moved $1 Million Prior to Bankruptcy Filing

News story posted in Management on 4 March 2009| comments
audience: National Publication | last updated: 18 May 2011
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Summary

According to an article in Forbes, the National Heritage Foundation wired $1 million to affiliate, Congressional District Programs Inc., just two days before filing for bankruptcy, keeping the money, at least for the time being, out of the potential reach of NHF's outside creditors.

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The full text of this article is currently available on Forbes.com:

Charity Moved $1 Million Before Bankruptcy Filing

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