CenterBHSFan;396991 wrote:Here's how I see it:
I'm not sure I've ever known of a private charity (helping Americans) writing bad checks to help people, and going bankrupt because of it.
Can we say the same for the government?
Mr, fish as usual is uninformed
BC you missed it by a mile. US government pays off its debts as it has for well over 200 years.
Charities go bankrupt, they mismanage money and more importantly some are obvious manipulative rip offs
Charities do go bankrupt
http://www.forbes.com/2009/03/05/heritage-charity-bankruptcy-personal-finance-philanthropy-police.html
Ten that are constantly in debt
American for the Arts, the Pound Civil Justice Institute, Christian Alliance for Humanitarian Aid, SPCA Wildlife Care Center, Omaha Home for Boys. Midwest Athletes Against Childhood Cancer and my personal favorite American Institute for Economic Research, constantly in the red
http://www.charitynavigator.org/index.cfm?bay=topten.detail&listid=16
Approaching Bankruptcy
Humane Society International, Agape Villages, Hale House, Christian Life Resources, boys Choir of Harlem, Oregon Special Olympics
http://www.charitynavigator.org/index.cfm?bay=topten.detail&listid=12
But more commonly what we see is
“So many large charities start out as humanitarian, then become corporate bureaucracies. They say that you have to run a charity like a business, so many of them as soon as they get enough funding run out and hire a CEO that is used to running for profit companies. They justify huge salaries in the same manner they would at the for profit companies and use the reasoning that if you want to compete for the best people to run your charity, you have to pay what the for profit companies pay”
http://www.articlecontentprovider.com/articlesubmit/Article/Corporate-Charity-Rip-offs/2
http://www.charitynavigator.org/
Examples of ripoffs
Disablebd American Vererans 94.3% of funds raised goes to fund raisers, 4.6% to programs
Children’s Charitable Foundation 87.3 to fundraisers, 10.3 to programs
The rest of the list makes you sick to read, using images ofkids, cancer sufferer, injured cops and firemen to rip people off.
http://www.charitynavigator.org/index.cfm?bay=topten.detail&listid=28
http://moneywatch.bnet.com/saving-money/blog/devil-details/guatemala-sinkhole-and-10-charity-rip-offs/2219/
Outstanding site to using in evaluating
http://www.charitynavigator.org/