Reply to Jen Hatmaker

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[quote=Anonymous][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]

Here’s my take- 20% give or take for admin (actually closer to 28% with Marketing expenses factored in, as disclosed in their “annual report”). 
So, I give my hard earned dollar to Jenn and her do gooders.  Let’s say .25 is taken from my dollar for admin and marketing for LC. Now, that leaves $0.75 to go to the charity. However, let’s say that the charity of their choice also has marketing and administrative costs of around 25%. Now my dollar donation that I think is going to some great cause is now down to $0.50 that actually goes to the people actually needing it. I do understand that charities have overhead, administrative costs, marketing costs, etc. but a little research will show you that the range of these costs vary wildly. And, I don’t particularly want to fund two charities’ expenses just to get my money to a good cause. I’d rather determine for myself and make sure that as much money as possible of my donation actually gets directly to the people or cause for which it was intended. LC just seems a bit of a scheme to me. It just feels a icky and disingenuous.

Make no mistake, the non profit/charity business is big business. Don’t be fooled by what you think are solely altruistic intentions. [/quote]

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