Quote:
Originally posted by madmax
I saw a show(Dateline or 48 hours) after 9/11 on charities. The jist of the show was to point out how little money actually donated to a charity actually goes to the victims. I think charities are only required to spend 10% of their donations on the victims. They can spend as much as 90% on overhead. The head of the charity can be driving a Bentley and paying himself 7 figures.
Does anyone know what percentage of Red Cross donations actually go to victims?
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I seem to remember a few charities getting in big trouble for this after 9/11. Particularly the one hosted by all the celebs and by the redcross.
Something like a billion was collected, but next to nothing was actually distributed until it was taken to court or the media let it loose.