Top 25 National Groups (The Daily Beast)

[happilyanchored]

True, but these are still large amounts of money. However, they should certainly state more clearly that it does neglect locally donated funds. That is definitely misleading on their part.

[Kevin]

Originally Posted by happilyanchored

True, but these are still large amounts of money. However, they should certainly state more clearly that it does neglect locally donated funds. That is definitely misleading on their part.

I can speak for Sigma Nu in that in recent years, we have developed a very highly detailed annual reporting system of which donations to philanthropy is a major component.

Also, alumni donate a lot of money annually to the various 501(c)(3) foundations which award scholarships and assist with educational expenses for members, so there's that also.

As to this list, I think I'd be more interested in total $ invested in physical plants, the size and fiscal health of the foundation, etc. You'd see size and quality going right along with those aspects. A good foundation = a good organization.

[KDCat]

Originally Posted by happilyanchored

True, but these are still large amounts of money. However, they should certainly state more clearly that it does neglect locally donated funds. That is definitely misleading on their part.

Absolutely. For KD, foundation funds are separate from other funds raised by the chapter. All of the money raised by the Shamrock Project is sent to a local children's charity (80%) and to Prevent Child Abuse America (20%). Those funds don't pass through the foundation, as far as I know.

That ignores a lot of money coming from our efforts. Every chapter is required to do a Shamrock Project event and most of them raise thousands of dollars.

I'm sure it's the same for other GLOs.