For Immediate Release
July 1, 2010
Interim Director of Charitable Trusts Anne M. Edwards
On July 1, 2010, the Office of the Attorney General released its Report of the Investigation of the Hopkinton Independent School . Following the abrupt closure of the Hopkinton Independent School (HIS) in December, 2009, the Attorney General's Office investigated the Hopkinton Independent School to assess any potential wrongdoing by its Board of Directors or staff.
The report finds no evidence of fraud, theft or embezzlement. However, the report concludes the Board of Directors of HIS clearly failed to address the school's financial difficulties, failed to foresee the discontinuance of operations during the 2009-2010 academic year, and failed to act decisively and effectively to either prevent the school from closing, or at the very least, implement a responsible plan to suspend operations that would have avoided the unexpected harm suffered by the students, parents and HIS employees.
Attorney General Delaney stated, "We must ensure that our State's charities are governed effectively in order to preserve charitable assets and protect the interests of the people served by those charities. The Hopkinton Independent School Board of Directors failed in its responsibilities to ensure effective governance and sound financial management, and those responsibilities were critical because Hopkinton Independent School accepted pre-payment for educational services."
The Attorney General's Office will establish a working group to review guidelines and protocols for non-profits that accept pre-payment for services rendered. The working group hopes to offer recommendations to policymakers to strengthen existing laws and regulations in this area.
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New Hampshire Department of Justice | 33 Capitol Street | Concord, NH | 03301