View Single Post
  #8 (permalink)  
Old 02-11-2008, 02:02 PM
Patrick Patrick is offline
Participating Member
 
 Join Date: Jan 2008
 Total Posts: 257
Default Re: Reputable Charities

I think you'll hear good and bad things about any charity. My mom actually worked for FTC for awhile. Regardless of all of the media hype, they do some great things for children across the world. I think what's being referenced to here, is a few years back, the Oklahoman slammed FTC, and mostly they focused on Larry Jones' salary, which at the time was around $150,000 a year. I really thought the attacks were unfounded. I didn't see $150,000 being that outrageous for being the CEO of a non-profit group. You have pastors out there making similar or higher salaries that are also running major corporations, AKA large churches. Just because these CEO's are the head of non-profits doesn't make them any less worthy of decent salaries than CEOs of major energy companies, or other corporations. To compete, and retain their CEO's, non-profit groups have to pay their CEO's well too.

Also though, you have to look at the % of the gifts that actually go to helping the children. FTC has pretty high transportation costs...it costs a lot of money to ship that food across the country. And they pay their truck drivers pretty well.

I think where a lot of people had problems was the amount of money they spent on TV advertisements and commercials. I'm thinking it was over 25% of their intake. You could argue though that you have to advertise to reach more givers. Advertisements are the lifeblood of FTC just like with any profit-maknig corporation.

When it comes down to it, for every $1 FTC was taking in, about $0.25 was actually going to food for the children. $0.75 was going towards administrative costs. I think that's what angered a lot of people. But, you could also argue that FTC has done some great things around the world. But, how much more could they do if they reduced their administrative budget?
Reply With Quote