Thursday, July 18, 2013

How Non-Profits Profited from Hurricane Sandy

Schneiderman: some nonprofits holding storm donations

...Within days of Superstorm Sandy making landfall in October 2012, a number of charitable organizations started collecting donations from kindhearted souls freely giving their monies to help with Sandy relief efforts or so they thought.
Schneiderman's office found that 89 charities raised more than half a billion dollars. By April, only 57 percent of that had been given in sandy relief, leaving at least $238 million still in the hands of those nonprofits and not in the hands of Sandy victims.
Good job; get your money for nothing, and forget to send out the checks.  Probably need to throw a big party for favorite donors, and big salaries for the charity administration.

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