Tuesday, June 18, 2013

Avoiding Bad Charities

We all would like to leave a legacy behind us, and it's cruel the way many charities prey on the goodwill of people, just to line their own pockets. Earlier this month, The Tampa Bay Times, in conjunction with the Center for Investigative Reporting, produced a list of America’s 50 Worst Charities, in order to help us stay away from some of the worst offenders.

The report said that America's worst charity is one called Kids Wish. Kids Wish claims to provide similar services to the Make a Wish Foundation, which grants wishes for terminally ill children, and plays off the similarity in the names. Kids Wish raised $18.6 million last year, much of it through telemarketing, and spent just $240,000 on the kids it was supposed to help. Make-a-Wish – which never uses telemarketers – raised just $3.1 million last year, but spent $1.8 million on helping children.

Nonprofits should be transparent about how they raise and spend their money. Before making a sizable donation to anyone, demand to see their financial accounts. And take pains to avoid any of the 50 Worst

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