Comments on: The New Face of Philanthropy: How You Can Give $5 Million to Education This Week — Help Needed Now http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/ Tim Ferriss's 4-Hour Workweek and Lifestyle Design Blog Thu, 09 Feb 2012 12:39:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: harrisonbergeron http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/comment-page-1/#comment-101934 harrisonbergeron Mon, 20 Jun 2011 19:12:38 +0000 http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/#comment-101934 Jefferson Kim - Please read "I, Pencil" and rethink your position. (note: capitalism is not successful at the expense of others - only corruption is) Jefferson Kim – Please read “I, Pencil” and rethink your position. (note: capitalism is not successful at the expense of others – only corruption is)

]]> By: Maggie F. Keenan, Ed.D. http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/comment-page-1/#comment-3941 Maggie F. Keenan, Ed.D. Fri, 07 Sep 2007 03:25:11 +0000 http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/#comment-3941 Tim, Then 84% of every dollar raised goes to programs and services... EXCELLENT. I also use charitynavigator and suggest clients do as well. Tim,

Then 84% of every dollar raised goes to programs and services… EXCELLENT. I also use charitynavigator and suggest clients do as well.

]]> By: Shawn http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/comment-page-1/#comment-2731 Shawn Sun, 12 Aug 2007 16:31:33 +0000 http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/#comment-2731 What's so special about an organization that took in 7.5 million last year and yet funded only 2.5 million in student projects? That's what Donors Choose did last year according to Guidestar. ### Hi Shawn, Good question. I asked Charles of DonorsChoose to answer this, and here is his response. It seems that Guidestar has mixed up some numbers: "Hey Tim, Here are the numbers: -Last fiscal year (July 1 ’06-June 30 ’07) we funded $6.3 million in student projects. Total operating expenses (including both overhead AND direct fulfillment labor) were less—not more—than the total dollars in student project funding. -We scored the highest possible ranking on Charity Navigator, 4 out of 4 stars, because of our fiscal transparency and efficiency. -We present both our independent audit and our IRS tax filing to the public, on our website: http://www.donorschoose.org/help/org_faq.html#q75 -As our independent audit shows, General and Administrative costs constituted 8.8% of expenses, while Fundraising costs totaled 7.4%, for a total 16% of expenses going toward overhead." Hope that helps! Tim What’s so special about an organization that took in 7.5 million last year and yet funded only 2.5 million in student projects? That’s what Donors Choose did last year according to Guidestar.
###

Hi Shawn,

Good question. I asked Charles of DonorsChoose to answer this, and here is his response. It seems that Guidestar has mixed up some numbers:

“Hey Tim,

Here are the numbers:

-Last fiscal year (July 1 ’06-June 30 ’07) we funded $6.3 million in student projects. Total operating expenses (including both overhead AND direct fulfillment labor) were less—not more—than the total dollars in student project funding.

-We scored the highest possible ranking on Charity Navigator, 4 out of 4 stars, because of our fiscal transparency and efficiency.

-We present both our independent audit and our IRS tax filing to the public, on our website:
http://www.donorschoose.org/help/org_faq.html#q75

-As our independent audit shows, General and Administrative costs constituted 8.8% of expenses, while Fundraising costs totaled 7.4%, for a total 16% of expenses going toward overhead.”

Hope that helps!

Tim

]]> By: Maggie F. Keenan, Ed.D. http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/comment-page-1/#comment-2314 Maggie F. Keenan, Ed.D. Mon, 30 Jul 2007 20:11:57 +0000 http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/#comment-2314 Tim... from this strategic philanthropy expert's view the intiative is super on all levels. I will tell you now, you can bet your bottom dollar from this point forward you will be flooded with charitable requests. As your book has made a difference in my life/work... I'd be happy to 'give back' at the time you realize you need a philanthropy expert :) mag Tim… from this strategic philanthropy expert’s view the intiative is super on all levels. I will tell you now, you can bet your bottom dollar from this point forward you will be flooded with charitable requests. As your book has made a difference in my life/work… I’d be happy to ‘give back’ at the time you realize you need a philanthropy expert :)

mag

]]> By: Jody Gnant http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/comment-page-1/#comment-2031 Jody Gnant Sat, 21 Jul 2007 08:05:22 +0000 http://www.fourhourworkweek.com/blog/2007/07/17/the-new-face-of-philanthropy-how-you-can-give-5-million-to-education-this-week-help-needed-now/#comment-2031 Voted & Dugg. :) Everybody's a winner in the member's project, but I agree that the solution to many of these challenges starts with education. Well done. Voted & Dugg. :)

Everybody’s a winner in the member’s project, but I agree that the solution to many of these challenges starts with education.

Well done.

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