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Reply to "Jen Hatmaker"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No dog in this fight but their annual report says they raised $1.5M and granted $1.1M in 2021. That’s a pretty good ratio if true. What’s the allegation exactly?[/quote] 400K in administrative costs is “pretty good”?[/quote] I think that is what the poster above referenced and what is annoying to me, personally. 400k in admin costs is over 20%. The business model is that LC knows better than you how and who to give to and as a result it dilutes the gift impact by 20%. I wish they would support charities and NPOs by encouraging direct giving instead of a managed fund. [/quote]
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