When you buy or think pink, know where your green is going.
June 30, 2011 11:17 AM Subscribe
New York Attorney General: Coalition Against Breast Cancer - "Scam".
posted by VikingSword (41 comments total)
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'The state of New York sued a breast cancer charity on Tuesday
, accusing it of soliciting more than $9 million and spending virtually none of it on the cause.' 'The Coalition Against Breast Cancer, based in Long Island, told donors their money would go toward research and mammogram screenings, but spent most of the $9.1 million it collected over five years on fundraising fees, salaries and benefits and personal goods, the state attorney general alleges.' But what about all those "pink" products that tout a donation to a charity when you buy?
Well, 'read the fine print and look to a charity's finances before buying products touting donation
'The makers of some pink products donate proceeds only for a limited time, or they have a cap on the total amount donated, said Daniel Borochoff, of the American Institute of Philanthropy, a nonprofit organization that helps donors make informed giving decisions. Often the breast-cancer-related item will continue to sell after the donation period ends — even at a higher price. And while some manufacturers promise to give a percentage of profits, in a poor economy, profits may be scarce.'
American Institute of Philanthropy's Charity Watch: '"Look-a-like charities abound in the cancer area, some with opposite grades. National Breast Cancer Coalition Fund receives an A rating from AIP, yet the similarly named National Cancer Coalition and Coalition Against Breast Cancer receive F’s. In fiscal 2006, the A rated Breast Cancer Research Foundation granted nearly $25 million or 87% of its budget to medical research, whereas the closely named F rated American Breast Cancer Foundation (ABCF) spent nearly 87% of its budget on solicitations that included an educational message and only $357,500 or 2.4% on research grants."'