6/17/13 - Protecting Our Donors from Bad Charities
A recent report by The Tampa Bay Times and the Center for Investigative Reporting highlights the 50 worst charities—nonprofits that spend pennies on the dollar fulfilling their “missions” while the bulk of donations fill the pockets of outside fundraisers and top brass.
The Trust reviewed the list and is proud to say that our savvy donors suggested grants to only four of the listed groups from their donor-advised funds. As a basic service to all our donors, we vet the organizations they wish to support for fiscal and programmatic soundness. After reviewing these four problematic organizations, we shared our findings with the donors and declined the grants.
While the lion’s share of grant suggestions easily pass muster, our due diligence gives our generous donors peace of mind and another reason to feel good about their giving.