pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We recently received our United Way solicitation for 2013 as our local UW is about to do their annual campaign. We have given substantial amounts to UW each year for as long as I can remember. UW is by far our largest contribution and is anywhere from 16-22% of our total contributions for each of the past 6 years.
Last year I remember reading their annual report and was surprised at the staggering amount of administrative costs. If I take their allocations and grants (what gets to the charities they fund) divided by their campaign collections (which includes my contribution) only about 63 cents of each dollar goes to charities - the rest is absorbed by their administrative costs. Their salaries and benefits are 38% of their total income (and 80% of their income is the campaign).
Anyhow, I'm thinking these admin expenses are outrageous and am considering ditching UW and just making contributions directly to some of the organizations they support.
Thoughts? Anyone else gone through this?
Last year I remember reading their annual report and was surprised at the staggering amount of administrative costs. If I take their allocations and grants (what gets to the charities they fund) divided by their campaign collections (which includes my contribution) only about 63 cents of each dollar goes to charities - the rest is absorbed by their administrative costs. Their salaries and benefits are 38% of their total income (and 80% of their income is the campaign).
Anyhow, I'm thinking these admin expenses are outrageous and am considering ditching UW and just making contributions directly to some of the organizations they support.
Thoughts? Anyone else gone through this?