May 29, 2003
Solicitors Keep 62% of Gifts, New California Study Finds
Only 38 percent of donations raised by commercial solicitors in California fund-raising campaigns in 2001 went to charities, the state's attorney general said in a new report.
The remainder of the money went to cover fund-raising companies' expenses and for their profits.
In 2000 charities received 34 percent of the money collected on their behalf.
Of the 420 campaigns staged in California in 2001, more than one-fourth (110) turned over to charities 15 percent or less of
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