Charity industry gets some needed scrutiny
13.08.2009
Excerpt:
Charity is big business in this country. Canada has 84,771 registered charities that together reported donations of $10-billion in the last 12-month period for which statistics are available. This is five times the revenue of Tim Hortons
. More than 23 million people, or 84 per cent of the Canadian population over the age of 15, made personal donations to charities (and other non-profit organizations) and were apparently ready to give more – provided they could be persuaded that their money would be used productively. In one 2008 survey, 80 per cent of people cited a need for more information about charities; in another, 33 per cent cited a lack of confidence in them.
The question is: Can one of the tools of capitalism – professional scrutiny by investment analysts – give wary donors the information they need to make sound donations?
Article Continued At The Globe & Mail: http://www.theglobeandmail.com/report-on-business/commentary/charity-industry-gets-some-needed-scrutiny/article1249026/
