Re: Overheads take up to 1/3 of tsunami funds

> Stananger <********@***.***> wrote:

>Overheads take up to 1/3 of tsunami funds
>
>NEW YORK, Dec. 23 (UPI) -- Up to about a third of the $590 million U.N. fund
>spent for the Indian Ocean tsunami relief may have gone to pay for
>overhead.
>
>The Financial Times says its two-month investigation showed the money
>appears to have been spent on administration, staff and related costs. The
>$590 million was part of the United Nation's $1.1 billion disaster flash
>appeal.
>
>The newspaper also found several U.N. agencies continue to refuse to
>disclose details of their relief expenditure in spite of earlier pledges of
>transparency by senior officials.
>
>The flash appeal covered the money donated by governments to the world body
>in the first weeks after the disaster to fund the early aid work, the Times
>reported.
>
>The newspaper said details of that appeal it obtained from U.N. agencies
>such as the World Health Organization and the World Food Program showed 18
>percent to 32 percent of the expenditure related to staff, administration
>and other costs.
>
>Some agencies say non-profit aid organizations should claim no more than 10
>percent of project funds for administration costs, the report said.

The United Way could take lessens in efficiency from these folks.
Just 32% overhead? Goodness, many major charitable organizations
return far less than 6*5 on the dollar and most get to do creative
accounting that counts contributions multiple times and doesn't
consider fund-raising costs as "overhead". Considering the extent of
the mobilization, 68% of funds going to actual victims is stunningly
good and a far sight better than many, many ongoing charitable
organizations can accomplish.
.

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