Tuesday, June 18, 2013

Many Of The Largest Charities In America Are Giant Money Making Scams

... According to the investigation mentioned above, the following are the ten worst charities in America and the percentage of money that is donated to those organizations that actually goes to help people…
1. Kids Wish Network (2.5%)
2. Cancer Fund of America (0.9%)
3. Children’s Wish Foundation International (10.8%)
4. American Breast Cancer Foundation (5.3%)
5. Firefighters Charitable Foundation (8.4%)
6. Breast Cancer Relief Foundation (2.2%)
7. International Union of Police Associations (0.5%)
8. National Veterans Service Fund (7.8%)
9. American Association of State Troopers (8.6%)
10. Children’s Cancer Fund of America (5.3%)
The number two charity on the list, the Cancer Fund of America, deserves particular attention.  Over the past ten years, the Cancer Fund of America has raised nearly 100 million dollars.  Most of the donors probably assumed that most of the money would go to fund cancer research or to help cancer patients.  Unfortunately, that was not the case at all
In the past three years alone, Cancer Fund and its associated charities raised $110 million. The charities paid more than $75 million of that to solicitors. Cancer Fund ranks second on theTimes/CIR list of America’s worst charities. (Florida’s Kids Wish Network placed first.)
Salaries in 2011 topped $8 million — 13 times more than patients received in cash. Nearly $1 million went to Reynolds family members.
The network’s programs are overstated at best. Some have been fabricated.
“Urgent pain medication” supposedly provided to critically ill cancer patients amounted to nothing more than over-the-counter ibuprofen, regulators determined. A program to drive patients to chemotherapy, touted by the charity in mailings, didn’t even exist.
One Reynolds family charity, Breast Cancer Society, told the IRS it shipped $36 million worth of medical supplies overseas in 2011. But the two companies named as suppliers of the donated goods said they have no record of dealing with the group.
Over the past 20 years, Cancer Fund has run afoul of regulators in at least six states, paying more than $525,000 to settle charges that include lying to donors. It hasn’t slowed the network.
The fines amount to about one-third of one percent of the $177 million raised by Cancer Fund of America over the same period.
Ultimately, less than one percent of the money raised by the Cancer Fund of America goes to help cancer patients…
Cancer Fund’s tally over the past decade: Family members nearly $5 million. Cancer patients $890,000.
The biggest winners were the fundraising companies. They earned more than 80 cents of every dollar donated for a total of $80.4 million.
Does that make you sick?
It should...

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