My Photo

About Beth Kanter

Enter your email address:

Delivered by FeedBurner

Beth's Blog: Channels, Screencasts, and Videos

Awards, Nominations, and Board Memberships

May 2010

Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          

Categories

Site Tracking




  • This is my Google PageRank™ - SmE Rank free service Powered by Scriptme


« Congratulations Nancy White! | Main | Is some big old mean (ahem) commercial scavenger getting fabulously rich off of my photos? »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Liz Strauss

Beth,
What a great post this is. I'm sorry I didn't make it over to say so sooner. You have done and said some wonderful things here. I'm with you all of the way.

Thanks for helping to change the world.

Kristen

I've only recently come across your blog (through your mention of Paul Sanchez, who I work with to promote 8 wishes), and its already given me some great tips.

My Wishes can be found here:

http://www.youtube.com/watch?v=-4-6Yzl6YBE

Thanks for sharing,
Kristen
All My Causes

Kristen Forbriger

Hi Beth, we just wanted to give you an update on the 8wishes, since we've extended the deadline and posted an updated video on Metacafe, where they're donating $5 for every 1,000 views.

http://www.metacafe.com/watch/336436/10_000_miles_and_8_wishes/

Thanks so much for your support!

Tom Newman

Excerpt of article in The Vancouver Sun newspaper of January 19, 2008:

http://www.canada.com/vancouversun/news/business/story.html?id=b76ff000-c8e8-4789-9ed8-806df2c2945a

During the year ending Sept. 30, 2006, GiveMeaning received $234,643 in donations for which it gave tax receipts, according to a financial statement filed with Canada Revenue Agency. Tom Williams said these are largely donations from individuals.

It received another $730,350 from other registered charities. Williams said these donations were made specifically to pay GiveMeaning's overhead.

He refused to identify any of these donors. I found this strange: My sense is that, while some donors request anonymity, most registered charities or foundations publicly report where they are placing their money, not so much for recognition as for transparency.

More generally, I do not understand why certain undisclosed charities would give money to pay overhead for what is essentially a charitable conduit.

In the case of GiveMeaning, that overhead is disproportionately large. Of the $982,705 in total donations it received (and issued tax receipts for), GiveMeaning spent $666,070, or 68 per cent, on administrative expenses.

Those expenses included $199,043 for professional and consulting fees; $153,646 for salaries, wages and benefits; $28,433 for advertising and promotion; and $24,019 for travel.

I asked Williams whether he receives a salary. Well, yes, $90,000 per year. And his wife, country singer Jessie Farrell, who works part-time for the foundation "when she can," gets $30,000. So together they collect $120,000 per year, plus expenses.

After subtracting overhead costs, just over $300,000 was available for charitable purposes in 2006, but only $172,000 was actually given to charities (the remainder is still on the foundation's books). That $172,000 represents just 17.5 per cent of total donations.

But that's not the end of it. Many of the charities that receive money have their own overhead. So the net amount available for true charitable purposes is even less.

Williams insists that, whenever a person gives money for a particular charity, 100 per of that money gets to the named beneficiary. That may be true, but it does not mitigate the fact that the vast majority of the overall money collected during 2006 went to administration.

Williams says this was due largely to start-up costs: "Yes, we have spent more than we have given away. Just like any other start-up business, it takes time to get profitable," he said.

He said the financial return for the year ending Sept. 30, 2007, which is just now being filed, will show a greater percentage of overall donations going to charity. We shall see.


The Vancouver Sun January 19, 2008

The comments to this entry are closed.