Charities With Large Asset Reserves

Taxpayer Subsidized PPP Funds Went to Charities with High Assets

May 25, 2022

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Taxpayer Subsidized PPP Funds Went to Charities with High As...

May 25, 2022

CharityWatch questions if granting PPP funds to charities that could have relied on their own reserves to weather the economic fallout resulting from the COVID-19 pandemic was the best use of these resources. PPP funding was limit...

CharityWatch questions if granting PPP funds to charities that could have relied on their own reserves to weather the economic fal...

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CharityWatch Takes a Tough Stand on Charities with High Asse...

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 ...

Navy SEAL Foundation aren't doing any favors for those who need help now. Charitable dollars are limited, having remained at ...

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CF Foundation 'Supercharged' by $3.3 Billion Sale of Drug Ro...

Jan 26, 2015

The Cystic Fibrosis Foundation (CFF) announced "an unprecedented acceleration and expansion of its research, care and patient programs for the CF community" made possible by the $3.3 billion CFF received from selling...

The Cystic Fibrosis Foundation (CFF) announced "an unprecedented acceleration and expansion of its research, care and patient prog...

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Don't Judge a Not-For-Profit by Its Profits

Aug 01, 2012

Unlike for-profit businesses, charities do not exist for the purpose of accumulating assets and turning profits to enrich their shareholders. So when judging a charity's financial stability, it is not the case that the charity...

Unlike for-profit businesses, charities do not exist for the purpose of accumulating assets and turning profits to enrich their sh...

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Large Asset Charity Threatens to Close Hospitals

Aug 01, 2009

Shriners' Board Chairman Ralph Semb told the AP in April 2009 that Shriners' endowment size had fallen $3 billion in less than a year, from $8 billion to $5 billion, and that its annual budget has increased in the past two years.....

Shriners' Board Chairman Ralph Semb told the AP in April 2009 that Shriners' endowment size had fallen $3 billion in less than a y...

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Nonprofits Lose Big in Market Fall-off and Madoff Scandal

Apr 01, 2009

How charities invest donations may be as important as how they spend them. Nonprofit organizations, along with anyone else that holds investments, have in the past year been swept up in the cascading financial markets...

How charities invest donations may be as important as how they spend them. Nonprofit organizations, along with anyone else that ho...

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Leaked Report Alleges Wrongdoing within Shriners Hospitals f...

Oct 01, 2008

In April of 2008 a Special Investigative Committee of the Joint Boards of the Shriners Hospitals for Children (SHC) issued an internal report on allegations that members of SHC's board of directors unethically intervened...

In April of 2008 a Special Investigative Committee of the Joint Boards of the Shriners Hospitals for Children (SHC) issued an inte...

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Charity with Large Assets Reserves Pleads Poverty

Aug 01, 2005

In 2003, a number of AIP members received a direct mail solicitation from Asian Relief, which also uses the name World Villages for Children, that cries desperation. The letter signed by Sister Michaela Kim, Director of World Vill...

In 2003, a number of AIP members received a direct mail solicitation from Asian Relief, which also uses the name World Villages fo...

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