February 19, 2012

St. Jude Pays a Lot to Raise Money—Drawing Critics but Also Funds

By Holly Hall

St. Jude Children’s Research Hospital is a fundraising powerhouse, but some observers question what it does with contributions.

In November, Forbes magazine ranked St. Jude as one of 20 big charities that is “least efficient financially,” partly because of its high fundraising costs: 21 percent of the money raised by St. Jude is eaten up by salaries and other fundraising expenses, more than double the 10-percent average among the 200 largest charities in the

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