Comment Re:Salvation Army (Score 1) 570
The Red Cross and others seem to want to build a war chest so that when a big disaster hits they will be prepared. They take money from big events and hold some of it over for other operations. What bothers me about this is it seems like they don't trust people to donate when something happens.
I have a friend who used to work for one of the large charitable organisations as a statistician. He always said that his org didn't spend the money donated directly, they invested it. I know that sounds Bad and I didn't like the sound of my charity donations going into stocks, until he pointed out that the return on the investments meant that after a while, this strategy meant they ended up with a lot more to spend on charitable works than they could have done if they had just spent the donations. It made such a difference that it would have been irresponsible of them to just go out and spend.
So in some cases, it's not a war chest they're building. It's the charity squeezing as much benefit out of your donation as they possibly can and that, I think, is a very good thing.
By the way, he also said that one-off donations basically just pay for the campaign that solicited them. The campaign also gains them a smaller number of regular payments, and those are what funds good works. So if you're thinking about giving, consider signing up for a monthly payment instead of a one-off. It makes a difference.