progressive cyberdadaism from our nation’s capital
Will Bunch at Tapped has been looking into Santorum’s charity, Operation Good Neighbor Foundation: (emphasis mine)
A review of federal tax returns filed by the foundation for 2001, 2002, and 2003 shows that the charity spent just 35.9 percent of the nearly $1 million raised on its charitable grants, while spending 56.5 percent on expenses like salaries, fund-raising commissions, travel, conference costs, and rent. Charity experts say that charitable groups should spend at least 75 percent of their money on program grants, and that donors should beware of organizations that spend as little as Santorum’s has.
“The majority of organizations are able to meet that 75 percent figure,” says Saundra Miniutti of Charity Navigator, a watchdog group. Without addressing Santorum’s charity specifically, she noted that nonprofits spending in the range of just one-third on programs are “extremely inefficient.”
Or “reasonably efficient” if their primary goal was to give kickbacks.
We don’t know where this is going yet, but it’s interesting to note that the list of donors includes Santorum campaign donors and a bank Santorum got a loan from.
(original heads up from Suburban Guerilla)
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95. Cogito cogito ergo cogito sum (I think that I think, therefore I think that I am.)
— Ambrose Bierce, The Devil's Dictionary
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February 23rd, 2006 at 12:29 pm
Yeah, this is an interesting story. I read a similar version of this on HuffPost today (from American Prostpect. It’s interesting how Santorum seems to have gained lucrative personal loans from a friendly PA bank, too. It’s a long article in Prospect. I’ll have to read the rest.