CharityWatch Articles & Donor Alerts
CharityWatch conducts research and publishes articles on charities. Current and archived articles we have written about this charity are posted here, as are select articles we have published with topics related to this charity or its cause. Visit our Articles page to view CharityWatch's entire library of posted articles.
|Reported Charity Salaries May Not Tell the Full Story
Donors often seek out information on charity executive salaries when considering whether or not to donate to a particular nonprofit. Such information is widely available online from aggregator websites that use software to pull and republish data from public tax forms. Unfortunately, the presentation of such salary data often causes donors to incorrectly conflate low salaries with financial efficiency. In addition, donors are prone to inferring that the salary data they are viewing represents the total payments received by a particular executive from the charity that employs them, when this is not always the case. To identify a worthy charity, donors must look beyond the face value of the salary data they encounter online and dig deeper.
Hot Topics & Donor Alerts
|Vietnam Veterans Charity Shuttered; Millions in Donations 'Squandered'
National Vietnam Veterans Foundation (NVVF) is to permanently close and its former President & Founder will pay damages, return his severance, and be banned nationwide from handling charitable assets as a result of settlements reached with the New York Office of the Attorney General (OAG), according to a November 10th, 2016 OAG press release.
The OAG's investigation found that NVVF spent the majority of its millions in contributions on paying professional fundraisers and insider expenses. The former President & Founder, John Thomas Burch, Jr., admitted that NVVF had paid 90% of its donations to its fundraisers. In 2014, out of about $8.6 million in contributions raised on NVVF’s behalf, over $7.7 million went to pay professional, for-profit fundraisers. Burch also admitted to deceptively marketing how money solicited for NVVF would be spent towards helping veterans.
NVVF had been consistently F-rated by CharityWatch. Watch CharityWatch analyst, Stephanie Kalivas, contribute to CNYCentral's report on NVVF: Veterans charity is under scrutiny: Know how to protect your charity donations.