America’s Worst Charities
Helping the country’s needy and sick? Not these charities. In one decade, the Kids Wish Network has raked hundreds of millions of dollars, but only giving sick children 3 cents per dollar. All this while, over $100 million has gone to the founder of the charity for soliciting corporations. Also in the last decade, the Cancer Fund of America has pulled in 98 million dollars and over 80 million of that went to solicitors. Children’s Wish Foundation International brought in over $90 million in donations and gave solicitors over two thirds of the amount.
That is not all. Other charities that bring in millions in donations and give pennies to those who are in need include Circle of Friends For American Veterans, Disabled Police Officers Counseling Center, Breast Cancer Relief Foundation, International Union of Police Associations, AFL-CIO, and Children’s Cancer Recovery Foundation, just to name a few.
Among the findings:
— The 50 worst charities in America devote less than 4% of donations raised to direct cash aid. Some charities gave even less. Over a decade, one diabetes charity raised nearly $14 million and gave about $10,000 to patients. Six spent no cash at all on their cause.
— Even as they plead for financial support, operators at many of the 50 worst charities have lied to donors about where their money goes, taken multiple salaries, secretly paid themselves consulting fees or arranged fund-raising contracts with friends. One cancer charity paid a company owned by the president’s son nearly $18 million over eight years to solicit funds. A medical charity paid its biggest research grant to its president’s own for-profit company.
— Some nonprofits are little more than fronts for fund-raising companies, which bankroll their startup costs, lock them into exclusive contracts at exorbitant rates and even drive the charities into debt. Florida-based Project Cure has raised more than $65 million since 1998, but every year has wound up owing its fundraiser more than what was raised. According to its latest financial filing, the nonprofit is $3 million in debt.
— To disguise the meager amount of money that reaches those in need, charities use accounting tricks and inflate the value of donated dollar-store cast-offs – snack cakes and air fresheners – that they give to dying cancer patients and homeless veterans.
A person should absolutely think twice before donating to any charity. Do research and find out how much of each donation goes to the people who need it. This will ensure that most of what a person gives will reach those who are sick, hungry, and otherwise in dire need of help.