It’s dinner time and the telephone rings. The caller is asking for a donation for a worthwhile charitable cause. What you may not know is that some non-profit organizations hire professional fundraisers to solicit contributions on their behalf and the fundraisers typically receive a commission of more than half of the amount you pledge, and in some cases they get up to 90% of your pledge. To provide detailed information on how funds are split between the charities and the professional fundraisers, the Vermont Atty. General’s office has published a helpful report at http://www.atg.state.vt.us/assets/files/WhereHaveAlltheDollarsGone2009.pdf
How does your favorite charity rate?
This is an eye-opener. Thanks, Hans!