7.3 Earthquake hits Haiti; Tsunami feared

[dreamseeker]

Originally Posted by bignasty

Then dispute the stat.

foh. don't post the stat if you don't have shit to back it up. no one is gonna make ur point for you.

[DaemonSeid]

The only point you have succeeded at is you becoming a running joke on GC.


Something has to be wrong with an individual who constantly gets banned and tries hard like hell to get BACK on a board to spew idiocies so they can get banned again.

Talk about "vitim" -izations...hehehe

[MysticCat]

Originally Posted by bignasty

I don't need help making the point. I already made it. Under the law charities only have to spend 10% of the donations they receive on the vitims.

What law? It's really not that hard a question if you really know what you're talking about.

[Psi U MC Vito]

Exactly, what law are you citing? I have absolutely no problem discussing things with you. But if you are going to state something as fact, you need to back it up.

[DrPhil]

Is it or is it not true that charities have to put 100% of the donations into the charity? Does it matter whether it's "non-profit" or are they all non-profit?

Someone please answer this and stop caring about bignasty. LOL.

Wyclef said he has never paid his employees or himself with the charitable donations from Yele. So...question...since he supposedly gave 1million of his own money and it is a non-profit...really dumb questions ahead: those who work for Yele would get paid...how? Expenditures would come from...where?

[lovespink88]

Originally Posted by preciousjeni

Are you a troll or just ignorant?

It's MM, so yes to both

[Psi U MC Vito]

Originally Posted by DrPhil

Is it or is it not true that charities have to put 100% of the donations into the charity? Does it matter whether it's "non-profit" or are they all non-profit?

Someone please answer this and stop caring about bignasty. LOL.

Wyclef said he has never paid his employees or himself with the charitable donations from Yele. So...question...since he supposedly gave 1million of his own money and it is a non-profit...really dumb questions ahead: those who work for Yele would get paid...how? Expenditures would come from...where?

Charity is a special kind of non profit. Also I know they don't need to put it all into charitable works, but they are allowed to use some of the money for administrative cost. I don't know anything besides that though.

[Senusret I]

Originally Posted by DrPhil

Is it or is it not true that charities have to put 100% of the donations into the charity? Does it matter whether it's "non-profit" or are they all non-profit?

Someone please answer this and stop caring about bignasty. LOL.

Wyclef said he has never paid his employees or himself with the charitable donations from Yele. So...question...since he supposedly gave 1million of his own money and it is a non-profit...really dumb questions ahead: those who work for Yele would get paid...how? Expenditures would come from...where?

1. Unless a donation is specifically directed to a certain fund or program, then any or part of your un-designated donation may go to administrative or operating costs. The charity may NOT just give your money away to a project or program which is unrelated to the work of the charity. The charity MAY use your donation for salaries of employees, unless you designate it otherwise.

2. You should be donating to a charity which has a 501(c)3 designation so that your donation can be tax-deductible. I also would sleep better at night knowing I could review that organization's tax forms. I won't say "all charities are nonprofits" because some charities are scams, but I can say that all 501(c)3s are nonprofits.

3. I think Wyclef misspoke and doesn't really know what he's talking about. Unless his entire staff is volunteer, their salaries are being paid from either his donations, government grants, private foundation grants, or direct public support.

I hope I answered your questions.

[DrPhil]

Originally Posted by Senusret I

1. Unless a donation is specifically directed to a certain fund or program, then any or part of your un-designated donation may go to administrative or operating costs. The charity may NOT just give your money away to a project or program which is unrelated to the work of the charity. The charity MAY use your donation for salaries of employees, unless you designate it otherwise.

2. You should be donating to a charity which has a 501(c)3 designation so that your donation can be tax-deductible. I also would sleep better at night knowing I could review that organization's tax forms. I won't say "all charities are nonprofits" because some charities are scams, but I can say that all 501(c)3s are nonprofits.

3. I think Wyclef misspoke and doesn't really know what he's talking about. Unless his entire staff is volunteer, their salaries are being paid from either his donations, government grants, private foundation grants, or direct public support.

I hope I answered your questions.

Thanks.

I misrepresented what Wyclef said. I heard it on Michael Baisden's show and didn't commit it to memory. It was more along the lines of his saying he has never profited from Yele.

His site with his blog and so forth where he reiterates this defense:
http://wyclefjean.wordpress.com/

[MysticCat]

Originally Posted by bignasty

I don't have the exact law. I have the exact stat from that law.

Do you cite sources with all your posts?

If asked for the cite, yes.

But if that's how we're playing this game . . .

Originally Posted by bignasty

Under the law charities only have to spend 10% of the donations they receive on the vitims.

You're wrong.

[Psi U MC Vito]

Originally Posted by MysticCat

If asked for the cite, yes.

But if that's how we're playing this game . . .

You're wrong.

I there any legal limit to the amount of money that can go for administration costs?

[Senusret I]

Originally Posted by Psi U MC Vito

I there any legal limit to the amount of money that can go for administration costs?

You know Vito, I really personally can't remember this. I work for a nonprofit, and I know we do a good job at keeping administrative costs down, but I don't know if that's because of tax law or because of the rules of our grants. (Many of our grants have that rule, but the number varies from grant to grant)

(Both federal grants and some private grants)

[preciousjeni]

Originally Posted by lovespink88

It's MM, so yes to both

Ahhh I see.

Originally Posted by Senusret I

You know Vito, I really personally can't remember this. I work for a nonprofit, and I know we do a good job at keeping administrative costs down, but I don't know if that's because of tax law or because of the rules of our grants. (Many of our grants have that rule, but the number varies from grant to grant)

(Both federal grants and some private grants)

I'm not aware of any federal tax law that limits the amount of money you put toward administrative costs as long as private inurement has not occurred. As Senusret I said, certain grants do have overhead limitations that you account for when submitting the grant budget.

I'm still very curious about bignasty's 10% stat. The only specific number that even comes close is the 5% rule for private foundations. They're required to spend a minimum amount equal to 5% of their assets each year.

Back to laws regarding restricted (earmarked) funds. Federal laws regarding public charities are surprisingly vague. State laws, however, do vary. Most charities have a policy regarding restricted funds, including how to deal with those funds if they are no longer needed.

However, I'm not aware of any federal or state laws regulating what percentage of restricted or unrestricted funds have to go toward program expenses vs. administrative expenses. That's pretty much left up to the charity.

[MysticCat]

^^^ And to add to what Sen and jeni said, there are Better-Business-Bureau-type organizations and certifications for non-profits that require a cap on administrative costs.

[Psi U MC Vito]

Originally Posted by bignasty

The administratives costs can not be more than 90%. Like I told you the first two times the minimum that has to go to the victims is only 10%.

Dude like people have been telling you, you need to cite this shit. The lawyers, as well as an employee of a non profit are saying that they have no idea where this stat is coming from.