zorares opened this issue on Jan 07, 2005 ยท 23 posts
XENOPHONZ posted Fri, 07 January 2005 at 11:31 PM
Attached Link: http://ww.cfamerica.org/images/The_Philanthropic_Response.pdf
It's also wise to keep a careful watch on "legit" charities.You might recall the furor over the way that the Red Cross spent part of the 9/11 Liberty Fund donations on unrelated items -- such as office equipment.
At the time, many donors to the fund were very angry. The situation led to the forced resignation of Bernadine Healy, the CEO.
In addition to this, many "legit" charities end up spending only a small percentage of donation money for the intended purposes (I.E. tsunami victims). Sometimes, 75%-90% of the money ends up going for "operating expenses".
Such as a new Mercedes for the president of the charity. Or new carpeting in the office building. "Operating expenses" like that.
It's always a good idea to know where your donations are actually going.
The funds might even end up lining the pockets of corrupt third-world dictators.........and never reach the people that need the help.
Message edited on: 01/07/2005 23:33