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Your Competition Doesn’t Exist
July 6, 2008
http://tinyurl.com/566x2v
From the article:
* More than 100 charities raised $1 million or more from commercial appeals but netted less than 25 cents per dollar. Fundraisers got the rest.
* In 430 campaigns, charities got nothing: All $44 million donated went to fundraisers. In 337 of those cases, charities actually lost money, paying fees to fundraisers that exceeded the amount raised.
* In hundreds of other campaigns, charities apparently entered into contracts that limited their share of donations to 20% or less, no matter how successful the campaign.
I am certain there are tons of fundraisers out there that are worth their fees, but those fundraisers likely charge reasonable fees.
Free idea for the ether - How do we use social media to help raise funds for causes? Kiva? Fundable? Anything for larger scale funding?