Sunday, May 11, 2008
Getting stung by a charity
So, if this is "one of the worst", that implies that a lot of donated money is not getting to where it was intended...
In the New York Post, Isabel Vincent discusses Sting's "Rainforest Foundation":
"The watchdog - which rates 5,000 charities nationally based on management and fund-raising-to-giving ratios - has slapped Rainforest Foundation Inc. with a zero rating for each of the last four years.
Another problem is the charity's apparent hoarding of donations. In 2006, it reported $10 million in net assets - including nearly $5 million in cash - to the IRS."
