Charities: The New Scam

I really need to become the governing entity of a charity because I think, without question, that if the charity 'appears' heart-warming I could easily retire. Now, let me say that not all charities are a total sham but more and more are becoming so.

The one that caught my eye... Mike Ditka's Hall Of Fame Assistance Fund, which was set up to help retired NFL players that are getting jack-squat from the NFL Player's Unioin and are literally impoverished. Seems like a worthy cause, especially for sports minded donors, but like many charities of today, the charity takes in a truckload of money and then distributes a pittance of it...in this case, the Hall Of Fame Assistance Fund took in $1.3 million and distributed less than $200,000.

So where does the rest of the money go to? Oh sure, you need office supplies, have to pay the rent, heat and electricity and so on...but there is no way that costs even a million bucks a year. So where does the rest of the money go to? That's right the caretakers of the charity itself...the administrator and those employed by the charity are likely making the lion's share of the donations which clearly shows that the charity really doesn't care about making sure the donations that were received are actually given to those that they promised it would get too. United Way and PETA have both been noted in the past as to having elaborate banquets, salaries and extravagant employee 'perks' just to point out a couple of other notable charities.

So as soon as I can figure out the 'feel good' charity that I wish to start, I will begin accepting donations and hopefully retire shortly after that... so stay tuned and give generously to those in need!