January, 31, 2020


Statement of the Special Committee of the Boards of Directors of Piper’s Angels Foundation, Inc.


To the Piper’s Angels family -

As you may 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 retained outside legal counsel and a private investigator to conduct a thorough internal investigation and to make recommendations to the special board committee. The internal investigation is finished, and the Foundation is in the process of pursuing appropriate next steps to obtain full restitution of the misappropriated funds and to hold the individual accountable.

While we are extremely disappointed in the inappropriate action that took place, we want to assure everyone that during this investigation and moving forward, 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 supporting and improving the lives of families in the Cystic Fibrosis community and we value every member of our extended Piper’s Angel’s 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.

Respectfully,

Special Committee of the Board of Directors
Piper’s Angels Foundation, Inc.