Those of us with prostate cancer, any cancer, want effective research to be well funded. We, our friends, and our families are willing to donate to research. How do we find efficient ways to donate to those doing actual research?
The "Stand Up 2 Cancer" program aired last night, and it got me thinking about
the financial performance of such "non-profits". That one turns out to be a subsidiary of sorts of the Entertainment Industry Foundation, which provides money to some cancer research non-profit agencies, and also to non-cancer related ones. A fraction of its income goes to the agencies, much of it is consumed within the organization. This is pretty common unfortunately with non-profits. The EIF's latest filing shows $49,341,142 of revenue. They report $19,585,785 for the Stand Up 2 Cancer initiative, so 40% or so. Their public form 990s are here: eifoundation.org/legal/form990
Anyway, the cancer related agencies it then donates to are also non-profits. Each of them also consumes a portion of the money they receive within their own organization some more or less than others.
"Zero - the End of Prostate Cancer", is another in this category. It takes some effort to go into these documents, and look into them. But it's worth it to direct our contributions to where they'll do the most good.
This goes on layer after layer, non-profits distributing money inefficiently to other non-profits. If you donate money to the visible organization, it seems it yields a rather small part of any final real output. 40% of a dollar is 40 cents. 40% of 40 cents is 16 cents. The numbers collapse pretty fast. "Call the number on the screen", your dollars will yield only pennies where they're needed.
The organizations have to submit their numbers to the IRS on a Form 990, readily available on line, if anyone's interested in looking into this area. Here's a link to one of the sites where most these can be found:foundationcenter.org/findfunders/990finderAnyway, has anyone here looked for efficient organizations, or have ideas for effective ways to donate?
I have friends and relatives that would probably like to help, but I'm concerned about
suggesting how they can donate to really help, and not to just line the pockets of people running so-called non-profit organizations.
(For what it's worth, this line of investigation got me in some hot water with my national motorcycling organization a few years ago, even banning me from their website because they didn't want anyone looking into their situation. So, proceed with some caution if you're interested in digging further.)