Most of you who read this blog are in position to help others in need, and to your credit, you want to do so. The really important question is not why, or how much, but who? This second blog about charitable giving, takes up this issue.
You’ve probably heard the stories about, or perhaps even experienced, charities who turned out to be weakly ineffective, or worse, fraudulent. The internet contains hundreds of such tragic stories.
Charity Navigator makes extensive effort to document charitable organizations that are worthy of the name, and ranks them by years of service, salary of the CEO, and more. Their website, CharityNavigator.org presents a comprehensive list of Top 10 and we recommend as a place to start if you’re looking to support a cause that gives positive signs of effectiveness and transparency. The lists include those charities that are expanding in a hurry, are consistent under-performers, and those that are in deep financial trouble.
One list that caught our eye this year was 10 Highly Rated Charities Relying on Private Contributions. You may no longer be surprised to learn that many of the more popular charities rely on membership fees and government contracts and subsidies. This list presents those charities that draw revenue solely from direct and indirect public support. Thus, greater than 95% of their total revenue comes from private contributions, which as the web site states, “makes the efficiency of their fundraising operations all the more impressive.” We notice that the Cure Alzheimer’s Fund makes this impressive list.
Our communities are founded on group support of individual needs. We urge you to carefully evaluate a charity to support what you find important.
Read the first charitable giving blog Six Questions To Ask Charities Before Donating.