The Saskatoon Foundation tells their perspective donors that the Foundations administrative costs are only 2.5% while most others charities use 15% - 25%.
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Is this really true? Lets see what the numbers proves for the year 2001!
The Saskatoon
Foundation.............................................................................................The United Way
6,000,000.00....Accumulated Donations not used for Community.........0,000,000.00
550,000.00...................................Working Capital....................................2,500,000.00
190,000.00........................................Admin Cost..........................................375,000.00
360,000.00..................Money put back into community...........................2,125,000.00
....35%..............................Real Administrative Costs...................................15%....
The numbers tell the real story!!
E-mail:
committeagainstsaskfoundation@yahoo.com
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