Michigan Attorney General Bill Schuette said that most charities that solicit in Michigan only give out an average of 35 cents for every dollar raised through fundraising.
"Michigan citizens have generous hearts and deserve to know how much of their donation actually makes it to their intended charity, especially in these times when every dollar makes a difference," Schuette said in a release. "Donors might be surprised to know that, on average, only thirty-five cents of each dollar collected through professional fundraisers are passed on to the charity."
Schuette cited a Better Business Bureau's Standards for Charity Accountability account that said charities should spend no more than 35 percent of related contributions on fund raising.
"This new report will hold professional fundraisers accountable and make charities more transparent, so donors can do as much good as possible," he said.
This study results has been replicated in New York and California. Should be no surprise.
In part taken from The Detroit News:
Nonprofit Imperative gathers its information principally from public documents...some of which are directly quoted. Virtually all cited are in some phase of criminal proceedings; some have not been charged, however. Cites in various media: Featured in print, broadcast, and online media outlets, including: Vermont Public Radio, Miami Herald, National Public Radio, Huffington Post, The Sun News, Atlanta Journal Constitution, Wall Street Journal (Profile, News and Photos), FOX2, ABC Spotlight on the News, WWJ Radio, Ethics World, Aspen Philanthropy Newsletter, Harvard Business Review, Current Affairs, The Chronicle of Philanthropy, St. Petersburg Times, B, USA Today Topics, Newsweek.com, Responsive Philanthropy Magazine, New York Times...and many more Nonprofits: On the Brink (2006) Silence: The Impending Threat to the Charitable Sector (2011)
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