January 15, 2009
Fund-Raising Companies Keep the Majority of Donations, Say Three New Studies
Professional solicitors hired to raise money on behalf of charities keep a hefty portion of the donations for themselves, according to three new reports from officials in California, Massachusetts, and New York.
In two of the states, the average share kept by the fund-raising companies to cover their own fees and expenses grew from 2006 to 2007 — from 56 percent to 65 percent in Massachusetts, and in New York, from nearly 59 percent to 61 percent.
In California,
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