Posts by kennethleong

  • Hard News: Where your money goes,

    Ultimately what would work best is transparency.
    As suggested in the blog entry key figures should be disclosed. eg
    • total income (donations etc)
    • operating expenses
    • disbursements to the charities/programmes marketed
    •ratio of above

    The only issue is it's not always clear-cut in terms of disbursements to the charities marketed. eg. the Blind Foundation may have a staff member who handles admin AND directly provides a service to the blind.

    In terms of fundraising for overseas activities, the charity here may send 90% of funds collected because they want to maximise the ratio of funds disbursed, but without effective auditing, the overseas counterpart may be squandering some of the cash. In some instances a lower ratio of funds disbursed works out to be more effective as additional checks/audits would minimise risk.

    Auckland • Since Aug 2009 • 1 posts Report