True value of contribution is much less than donated
-
- December
- 30
  In 2007, fundraisers secured $178.7 million in donations to 442 charities. Of that, $108.2 million paid the telemarketers’ fees and overhead costs.
  “Especially in today’s economy, when New Yorkers give their hard-earned money to charity, they expect the donation to make a difference and to help those in need,” Cuomo said in a statement. “This report arms New Yorkers with the necessary knowledge to make informed decisions about contributing, and also encourages charities across the state to find more effective ways to raise money.”
  Other findings in the study include:
  —In nearly 80 percent of fundraising campaigns, charities kept less than half of the money donated.
  —In about half of the campaigns, charities received less than 30 percent of the funds raised.
  —Charities actually lost money in 51 of the 553 campaigns analyzed in the report.
This entry was posted
on Tuesday, December 30th, 2008 at 1:03 pm by Cara Matthews.
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what a disgrace..no one should give money to a professional
fundraiser ..you want to give to the charity just mail
them a check directly….this is rip off business for
those who contribute…and since the fundraisers are
for profit..the IRS should adopt a rule that any money
given to a professional fundraiser should NOT be
deductable…that will stop the practice in its tracks