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URL:  http://boards.fool.com/quotis-it-true-that-a-good-rule-of-thumb-for-30139830.aspx

Subject:  Re: Fraud Vet Charities Date:  7/10/2012  12:40 AM
Author:  averagjoe Number:  37303 of 37740

"Is it true that a good rule of thumb for all charities is that at least 80% ( 85% and up is even better* ) of all gifts
should go directly to the cause and the remaining 15%* to 20% go for administrative costs , and etc.? "


Ideally. Unfortunately the truth is far crueler. Contrary to their emotional appeals, charities, even good ones,
differ greatly in the way they use donations once they receive them. A well-run charity should demonstrably spend a
minimum of fifty percent of its money on actual program services, more if possible. But many spend far less than a third,
with the rest goi