Friday, December 18, 2015

Vogel: Smart Philanthropy | Vermont Public Radio

Vogel: Smart Philanthropy | Vermont Public Radio: "A recent report from Vermont Attorney General Bill Sorrell shows that on average, 70 percent of the money raised by professional fundraisers for Vermont charitable groups goes to the fundraiser, and only thirty percent goes to the nonprofit. So it’s easy to become cynical.

On the other hand, the needs that nonprofits try to address are critical. A recent study by the Vermont Community Foundation found that one in four Vermonters are not earning enough to make ends meet. And one in five Vermont families pays more than 50% of their income for housing."

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