"Just 34 cents of every dollar collected by professional solicitors in Massachusetts in 2012 ended up with the charities they were representing, according to a new report by Attorney General Martha Coakley."
In response to my past annual screeds on this topic, many of you have called me cynical. But, as it turns out, my cynicism fell way short of Reality. The greed of people who run non-profits is just as insatiable as that of the most self-aggrandizing capitalists. Many leaders of non-profits are paid over $300k per year.
I don't think this is right at all. The missions of these organizations have changed from doing something good to fund-raising. And don't get me started about the grandiose salaries of college presidents (funded by overworked and underpaid parents trying to insure that Jr gets a sheepskin.)
Only 34 cents out of every dollar donated is going to the real mission of the organization. This is a scandal that ought to be fixed.
3 comments:
The charities that funnel even a smaller percentage of what they take in to their intended recipients ... the local, state, and federal governments.
Lacking any better tools, Charity Navigator is not perfect but gives you a graphic representation of what they grade on: http://www.charitynavigator.org/
Seems like the right time of year to use it; get those end-of-year deductions in place.
One of my favorite charities is the Boston Globe Santa which gives xmas gifts to poor kids. The Globe underwrites all administrative costs and 100% of donations are used to buy gifts for kids.
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