With the holiday season nigh upon us, many people express their generosity each year by donating money to deserving charitable causes. The Motley Monk recently received an email from Second City identifying organizations that deserve to receive donations because a high percentage of those donations go directly to the people served by those organizations.
Consider donating money to the following organizations:
1. The Salvation Army (a $2B organizations)
Commissioner Todd Bassett receives a salary of $13k/ year plus housing.
96% of donations go directly to the cause.
2. The American Legion, The Veterans of Foreign Wars, The Disabled
American Veterans, The Military Order of Purple Hearts, The Vietnam
The National Commanders receive a salary of $0.00. 100% of donations
go to help Veterans, their families, and youth.
3. The Make-a-Wish Foundation:
100% of donations go to fund trips or special wishes for a dying child.
4. St. Jude Childrens Research Hospital
100% goes towards funding and helping Children with Cancer who
have no insurance and cannot afford to pay.
5. Ronald McDonald Houses
100% of donations go to house and feed parents whose children are
hospitalized in critical care.
6. Lions Club International
100% of donations go to help the blind, purchase hearing aides,
support medical missions around the world. Their latest undertaking
is measles vaccinations (for $1/innoculation).
But, then, there are those other "charitable" organizations where high percentage of those donations go directly to the people working for those organizations.
Be wary of donating to the following organizations. Their expenses are too high:
1. The American Red Cross
President and CEO Marsha J. Evans' salary is $651,957 plus expenses.
2. The March of Dimes
Only 10 cents of every $1 goes to research.
3. The United Way
President Brian Gallagher receives a $375k base salary along with
numerous expense benefits.
CEO Caryl M. Stern receives $1.2M/year (that's $100k/month) plus all
expenses including a Rolls Royce. Less than 5 cents of every donated
$1 goes directly to children.
CEO and owner Mark Curran profits $2.3M/year. Donations to Goodwill
are sold for profit after paying workers the minimum wage to repair
The Motley Monk understands that a reasonable percentage of every $1 donated needs to pay for operating expense. The idea is simple: Charitable organizations should be directing the lion's share of funds raised directly to the people or causes served by those organizations. Funding lavish lifestyles and programs that have little or no direct connection to the donors' intention is fraudulent as is publishing misleading financial reports that underreport expenses and where those donations have been directed.
"Caveat benefactor"--let the donor beware!
Let the discussion begin...