Yet another fund for Katrina victims
Ex-Presidents Bush, Clinton team up again - Hurricane Katrina - MSNBC.com
Don't get me wrong. Sending money to help these people is a good thing to do. However, as we create more and more fund groups, you have to end up getting more and more people to manage that money, and that means more and more money that SHOULD be going to victims go to these money managers themselves. Sure, some of these people working for these funds may be volunteering time; but it is unfeasable for all their work time to be done for free. They have mouths to feed, too.
So money goes to employees instead of victims. It's part of having an administrative overhead. What would be best, in my mind, is having only one or two charity funds (i.e. the Red Cross) receiving this money. There's less administrative overhead, and less confusion for those of us who wish to donate money. And, of course, the victims get MORE money. Very important.
It's like a Marine once told me: Keep It Simple, Stupid.
Don't get me wrong. Sending money to help these people is a good thing to do. However, as we create more and more fund groups, you have to end up getting more and more people to manage that money, and that means more and more money that SHOULD be going to victims go to these money managers themselves. Sure, some of these people working for these funds may be volunteering time; but it is unfeasable for all their work time to be done for free. They have mouths to feed, too.
So money goes to employees instead of victims. It's part of having an administrative overhead. What would be best, in my mind, is having only one or two charity funds (i.e. the Red Cross) receiving this money. There's less administrative overhead, and less confusion for those of us who wish to donate money. And, of course, the victims get MORE money. Very important.
It's like a Marine once told me: Keep It Simple, Stupid.
posted by xanadian at 10:43 AM
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