And you answer this question of, okay, what should be done about this matter? So tell me, what should be done about this matter?

The, um, the screaming voice in the wilderness says you should set a minimum program expense ratio.

And you'll notice in my book, I avoided supporting that because I do think there are young nonprofits or innovative nonprofits that would not be able to, for instance, make a seventy percent program expense ratio.

So the kind of things that I suggest in the book were associations.

You have, uh, you have all sorts of places that will certify nonprofits.

The Better Business Bureau will do it.

So you have to supply some information to them, and then they'll give you the Better Business seal as a certified nonprofit.

Oh, and, and for our listeners who might not be familiar with agency theory, could you just say a couple of words about that to anchor them to it?

Why should someone expect some malfeasance out of a nonprofit when they're doing such charitable work?

Well, again, the problem is 95% of them are okay.

You know, they do what they are intended to do.

They take donated funds or government grants, local or federal, and put it to work in the intended way.

It's that 5% that they do one of two things.

And this is where I made this distinction between soft corruption and hard corruption.

In soft corruption, they simply waste the money.

And you answer this question of, okay, what should be done about this matter? So, Telly, what should be done about this matter?

And you answer this question of, okay, what should be done about this matter? So tell me, what should be done about this matter?

The, um, the screaming voice in the wilderness says, you should set a minimum program expense ratio.

And you'll notice in my book, I avoided supporting that because I do think there are young nonprofits or innovative nonprofits that would not be able to, for instance, make a seventy percent program expense ratio.

So the kinda things that I suggest in the book were associations.

You have, uh, you have all sorts of places that will certify nonprofits.

The Better Business Bureau will do it.

So you have to supply some information to them, and then they'll give you the Better Business seal as a certified nonprofit.

Oh, and, and for our listeners who might not be familiar with agency theory, could you just say a couple of words about that to anchor them to it?

And you answer this question of, okay, what should be done about this matter? So tell me, what should be done about this matter?

The, um, the screaming voice in the wilderness says, "You should set a minimum program expense ratio." And you'll notice in my book I avoided supporting that because I do think there are young nonprofits or innovative nonprofits that would not be able to, for instance, make a seventy percent program expense ratio.

So the kinda things that I suggest in the book were associations.

You have, uh, you have all sorts of places that will certify nonprofits.

The Better Business Bureau will do it.

So you have to supply some information to them, and then they'll give you the Better Business seal as a certified nonprofit.

I think that if the nonprofit sector wants to avoid this very steep decline in public support, they really should look to internal certification of some kind, associations which say, "We...

Oh, and, and for listeners who might not be familiar with agency theory, could you just say a couple of words about that to anchor them to it?

again,

the problem is 95% of them are okay.

They do what they are intended to do.

They take donated funds or government grants, local or federal, and put it to work in the intended way.

It's that 5% that they do one of two things.

And this is where I made this distinction between soft corruption and hard corruption.

In soft corruption, they simply waste the money.

Could you just, and you answer this question, okay, what should be done about this matter? So, Telly, what should be done about this matter?