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Funds missing from J. Marion Sims Foundation

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By Greg Summers

While the details are sketchy at best, the J. Marion Sims Foundation issued a press release that some of its funds are missing.

The theft, the release said, involves a former employee. It was discovered during the course of an annual independent audit.

Although the release did not say how much money was stolen or when the theft occurred, the release said the amount was “not insignificant.” The former employee’s name has not been released.

“The loss will not impair the foundation’s day-to-day operations or its grantmaking,” the release said.

The foundation is now working with its auditors, legal counsel, insurance carrier and law enforcement on the case. The release said since the matter is an ongoing investigation, the foundation has no further comment on the matter.

The J. Marion Sims Foundation was formed in 1995 with proceeds from the 1994 sale of Elliott White Springs Memorial Hospital. The Foundation’s mission is to support programs and projects of prevention and education that enhance the health and wellness of the residents of Lancaster County and the communities of Great Falls and Fort Lawn.

In 2012, the foundation awarded more than $1.25 million in grants to 22 organizations throughout the community. 

 

Contact copy editor Gregory A. Summers at (803) 283-1156.