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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
I do have to point out though that keeping it below 10% for a nonprofit is hard, esp if you employ fundraisers. The standard is more like 20%. I don’t think legacy collective employs fundraisers and since it’s a giving circle I would expect their admin/fundraising to be much lower, but 10% is almost impossible for a lot of nonprofits who are actually doing work and employing people to help raise funds to do the work. [/quote]

Fair enough.

But as a giving circle, their admin funds should be lower than average, not higher.  And there's a lot of duplication of resources because they continue to use Pure Charity to manage fundraising, giving accounts and receipting.

When Legacy Collective was originally set up, it was a donor advised fund, so within that framework I understood whey they hired Pure Charity to adminster things.  But when LC changed to a 501(c)(3) in early 2021, they should have severed ties with Pure and utilized their own paid administrative staff to manage this side of things.  That's what 501(c)(3) does!  Instead, they are paying too much in overhead expenses, duplicating many costs they could streamline in house.  If this were prioritized, they could achieve A&M costs of 15-16%, putting more $$$ in the hands of their charities.   [/quote]

Yes, and it's my understanding that LC simply highlights other charities that are already in existence and send money to them. If you legit wanted to do good, you'd simply post a link to those chariots and connect people to them directly. This is just a fancy cash grab. The end. [/quote]

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