March 18, 2020
Statement of the Special Committee of the Boards of Directors of Piper’s Angels Foundation, Inc.
To the Piper’s Angels family -
We want to thank everyone for your support and continued trust over the last few months as we have navigated through some ‘difficult waters’.
As most already know, late in 2019 Piper’s Angels Foundation, Inc. became aware of potential internal financial misconduct by someone associated with the organization. A special committee of the PAF Board of Directors was formed, and after outside legal counsel and a private investigator confirmed the misappropriation, our focus turned towards seeking restitution and accountability.
We want to ensure that every person supporting Piper’s Angels does so with the highest level of confidence in our programs and mission.
As of this notification, Piper’s Angels Foundation has recovered all funds that were identified during the investigation as having been misappropriated from the foundation. The responsible party acknowledged their actions and repayment to PAF has been made. The foundation will continue working through the process as we close out the investigation.
While we are extremely disappointed in the inappropriate action that took place, we want to assure everyone that Piper’s Angel’s Foundation has been working diligently to strengthen controls in our operations and ensure accountability in all aspects of our day to day functions. We are committed to pursuing our mission of providing financial assistance to CF families and value every member of the community.
We fully recognize the trust that is placed with our entire organization. Our commitment to maintain that trust and operate with the highest levels transparency and openness will continue to be our course and mission in this matter. We want to ensure that every person supporting Piper’s Angels does so with the highest level of confidence in our programs and mission.
Special Committee of the Board of Directors
Piper’s Angels Foundation, Inc.