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Six charities with questionable spending habits   live trivia with michael
 

Six charities with questionable spending habits live trivia with michael

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As the old Business 101 saying goes, “You have to spend money to make money.” To attract contributions, charities have to shell out for fundraising events, physical infrastructure and marketing ...

As the old Business 101 saying goes, “You have to spend money to make money.” To attract contributions, charities have to shell out for fundraising events, physical infrastructure and marketing materials.

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    Six charities with questionable spending habits   live trivia with michael Six charities with questionable spending habits live trivia with michael Document Transcript

    • SIX CHARITIES WITH QUESTIONABLE SPENDING HABITS 0 by Michael Evans • Science & education As the old Business 101 saying goes, “You have to spend money to make money.” To attract contributions, charities have to shell out for fundraising events, physical infrastructure and marketing materials. They also have to provide a living wage to their core staffers and sometimes very high levels of compensation for their executives. Some celebrity- associated charities, though, break ARCHIVES April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 RECENT POSTS Squash Your Cockroach Problem Six Charities With Questionable Spending Habits The Best DuroMax XP10000E Portable Generator Reviews Lace Dress – Now More than a Formal Wear What Packaging Can Be Recycled? CATEGORIES AutoMobile (5) APR 22, 2014 LIVE TRIVIA WITH LIVE TRIVIA WITH LIVE TRIVIA WITHLIVE TRIVIA WITH MICHAEL MICHAEL MICHAELMICHAEL RSS HOME HEALTH HOME & GARDEN SPORTS TECHNOLOGY TRAVELING NEWS UPDATE FINANCE & LAW AUTOMOBILE Search
    • implicit or explicit promises about what they’ll do with the funds they raise. To borrow another turn of phrase from the business world, these organizations have all struggled to create value for their donors. 1. Alex Rodriguez’s A-Rod Family Foundation A-Rod’s foundation only existed for a little over a year and didn’t attract seven-figure donations, but it did manage to squander what resources it had. According to a detailed IRS audit, the organization took in more than $400,000 during the 2006 fiscal year while paying out just over $5,000 in direct aid. In fact, it made just one sizable aid payment before closing its doors: a $5,000 donation to a charity affiliated with Shawn “Jay-Z” Carter. 2. Sting’s Rainforest Foundation Sting’s foundation provides aid and infrastructure support to a number of indigenous groups in Central and South America. It spends nearly 75 percent of its money, however, on fundraising, overhead and nebulous “other expenses.” In fairness, it does provide non-monetary support like building supplies and clean water, and many of its off-the-grid clients have little use for cash aid. All the same, it has a low rating from Charity Navigator. 3. The Larry King Cardiac Foundation Like Sting’s foundation, Larry King’s Cardiac Foundation seems to spend a great deal on fundraising activities and perks for its employees. It sets aside an unusually high proportion of its revenues—22 percent—to pay its staff members and recently reported a $200,000 annual stipend for its director. This figure wouldn’t be noteworthy if said director didn’t also happen to be Larry King’s son. 4. Bono’s ONE Foundation Few would say that Bono has squandered his celebrity on trivial matters. Over the years, he has been a leading advocate for people who live in the world’s most troubled regions. Nevertheless, his ONE Foundation blurs the line between advocacy and self- promotion. Since it’s not technically registered as a charity, ONE isn’t required to make rigorous financial disclosures or provide direct-aid grants. A look at its expense reports is revealing: According to a Fox News report, ONE spent 55 percent of its revenues on salaries and most of the rest on promotional activities like free concerts. Fashion (4) Finance & Law (5) Health (15) Home & Garden (14) News Update (4) Science & education (5) Shopping (1) Sports (6) Technology (20) Traveling (7) META Log in Entries RSS Comments RSS WordPress.org RECENT POSTS Squash Your Cockroach Problem Six Charities With Questionable Spending Habits The Best DuroMax XP10000E Portable Generator Reviews Lace Dress – Now More than a Formal Wear What Packaging Can Be Recycled? TAGS
    • The Best DuroMax XP10000E Portable Squash Your Cockroach Problem 5. Brad Pitt’s Make It Right Foundation Like Bono, Brad Pitt and Angelia Jolie have used their public profiles to draw the public’s attention to legitimate global crises. On paper, the Make It Right Foundation fits this mold: The charity’s stated goal is to help Habitat for Humanity and other organizations build permanent homes for New Orleans residents who were affected by Hurricane Katrina. With $7.2 million in 2010 revenues and just $266,000 in paid grants, some have questioned its efficiency. Make It Right also pays about 40 percent of its revenues to its employees. 6. The Dr. Phil Foundation Nothing lasts forever, including celebrity-associated charities. The Dr. Phil Foundation appears to be paying out far more money than it takes in, and it’s unclear how much longer the charity can sustain its fiscal path. A closer look at the foundation’s finances reveals a major “founding donation” from Dr. Phil’s family way back in 2004. Since then, the organization appears to have been coasting on the strength of this endowment and allowing fundraising to take a back seat to administrative activities. To its credit, the Dr. Phil Foundation spends the vast majority of its public donations on charitable programs. Michael Evans – has written 78 posts on this site. I am Michael Evans; it is my duty to provide readers with useful tips regarding their lifestyle. Obviously, everybody wants to have a quality lifestyle but still in order to optimize your health and fitness, we will provide you the tips to maintain your physique, muscles, body and a healthy lifestyle. I believe in natural methods for curing health related problems. However, I would be throwing both the natural and man-made methods to motivate you to mold your lifestyle accordingly. It is up to the readers to choose the best for them. Email • Twitter • Google 6 Best Places to Visit 25TH DECEMBER 1941 2014 in Dubai About Dining in Southampton Arundel Castle Bank robbers Best Apps Every Law Student best web hosting companies binoculars online Bodiam Castle Bodybuilding Tips Bodybuilding Tips for Over 50 Bouncy Castle Buying a Boat car Car Oil Engine Fuel Injector Common Window Problems Decoration Ideas for Green Houses Dental Emergencies diabetes discounts Fifa 2014 World Cup Fifa 2014 World Cup.Fifa 2014 Fifa 2014 World Cup Brazil Finance & Law Garage Doors Oakville Services For Homeowners glass Gram Flour In Your Beauty Regime Greek island for heavenly trip HONG KONG’S BLACK CHRISTMAS Hydroponic Supplies Indian cricket team Saeed Ajmal challenge Investigating death of Libya Lasting Customer Relationship Make Money Facebook Muslims can not use the word Allah for God Obesity harmful to young girls Peterson's team must engage in Pevensey Castle Private Number Plates Santorini Steam Showers Students to be Healthy Unlock 3G iPhone solutions victims of 1941 war
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