CharityWatch Takes a Tough Stand on Charities with High Assets
Apr 09, 2015
Navy SEAL Foundation aren't doing any favors for those who need help now. Charitable dollars are limited, having remained at about 2% of GDP for over four decades, while the needs of society are not. Charities that hoard the funds they raise and keep assets greater than three years worth of their budgets are making those donated funds unavailable to other groups with urgent needs.
CharityWatch President, Daniel Borochoff, spoke with The Virginian-Pilot about downgrading charities that keep high assets. Click here to read the article.