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sgtusmc

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FOUNDATION FOR AMERICAN VETERANS
September 29, 2011

Only 8% of YOUR donation actually goes to a VET!! 8 cents of every dollar you donate. The bulk goes to for profit companies. I received a call soliciting a donation for this organization. After listening to their pitch I agreed to send a donation after I reviewed their Form 990. For 2009 they reported $5.9 Million in grants & contributions (pg 1line 8). They spent $3.2 Million on fundraising to ONE firm (pg 8 section B 1A). That's 54% of their total donations. They spent another $1.7 Million on collectors and billers. OUT OF ALL THAT CASH THEY BROUGHT IN ONLY $500,000 (1/2 a million) WAS ACTUALLY SPENT ON VETS!!!! That's 8% if you are keeping track. Make your own decision; but these guys are NOT getting my support.

More feedback

How does this organization compare with others in the same sector?

Badly

How much of an impact do you think this organization has?

A little

Will you recommend this organization to others?

No

When was your last experience with this nonprofit?

2011

MY ROLE:
Professional with expertise in this field

Review from Guidestar