InterestingArticle by Lillian Downey
I guess you learn something new everyday, i had no idea that only 5% of the money raised by charities go towards actual charity. 95% is used to to keep them running?! 95%, wow, so basically a charity or foundation is a huge company, like any other company, that just decides to donate 5% of their earnings towards charity? It sounds like the only difference between a regular company and a foundation is that a foundations identity is that they give, give and give some more. But then, if you really think about it, it has to be that way because if they couldn't keep themselves running there would be no foundation to donate money to. I wonder how much an average charity makes because 5% could be a lot or very little.