SBA’s Controls Over Cash Contributions and Gifts, Fiscal Year 2024

This report presents the results of our evaluation of the U.S. Small Business Administration’s (SBA) handling of cash contributions and gifts. We found SBA generally complied with established guidance over the solicitation, acceptance, holding, and use of cash contributions and gifts totaling $520,000 during fiscal year 2024 from National Small Business Week cosponsors. However, we found SBA should improve its agency vetting form to show that each potential cosponsor was clear of conflicts of interest concerns before agency officials signed cosponsorship agreements.

As a result of our review, the SBA Office of Strategic Alliances took immediate actions to update the form used to vet conflicts of interest for cosponsors showing the Office of General Counsel’s review and clearance of potential conflicts of interest. Therefore, we did not make any recommendations in this report.