Net donations much less than what is contributed
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- December
- 30
Most of the money raised for charities by professional telemarketers in New York doesn’t make it to the charity, according to a new study released today by state Attorney General Andrew Cuomo. Fundraisers keep an average of 61 cents on the dollar.
In 2007, fundraisers secured $178.7 million in donations to 442 charities. Of that, $108.2 million paid the telemarketers’ fees and overhead costs.
“Especially in today’s economy, when New Yorkers give their hard-earned money to charity, they expect the donation to make a difference and to help those in need,” Cuomo said in a statement. “This report arms New Yorkers with the necessary knowledge to make informed decisions about contributing, and also encourages charities across the state to find more effective ways to raise money.”
Other findings in the study include:
—In nearly 80 percent of fundraising campaigns, charities kept less than half of the money donated.
—In about half of the campaigns, charities received less than 30 percent of the funds raised.
—Charities actually lost money in 51 of the 553 campaigns analyzed in the report.
This entry was posted
on Tuesday, December 30th, 2008 at 1:01 pm by Cara Matthews.
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Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
