Originally Posted by
X-LinkedRider
I noticed the exact same trends. Increase in Revenue, Decrease in expenses, and at close to 20 cents on the dollar, that is a pretty well run organization.
I am consultant and have been lucky enough to be exposed to all sorts of business, organizations, and charity funds. Knowing that most .orgs end up providing less than 7 cents on the dollar to the overall outcome, seeing a continuously growing close to 20 cents on the dollar is pretty damn good. Doug Flutey only dished out like 1% of the proceeds he made off flutey flakes to the cause. Really it was just a scam to sell cereal in his name and make him some money that he never quite made in the NFL.
Tom you are correct as far as escaping property and estate taxes and such, however I think that is much more true when Celebs just donate money to something, like actors/actresses donating money for what appears to be a good cause just so they don't have to end up like Wesley Snipes. I don't think it is AS true but certainly always a possibility that it is a tax shelter when people spend so much time on it and are involved.
Well, for sure charity foundations help out with taxes..but the level of support and time the founders of these organizations devote vary widely. In this respect, Lance has spent a lot of time and energy to raising awareness of cancer. In this regard, he would be rated 4 of 4 stars. Another athlete who is very active is Philly pitcher Jamie Moyer, who along with his wife has run a successful charitable foundation for years. I'm sure there are others..