The charity sceneAt this time of the year, we are deluged with charitable requests for every conceivable cause. The request envelope contains a letter describing the organization's need for funds and a return envelope for a gift to the charity. The letter never specifies precise financial information about the gross receipts, cost of solicitations including printing and postage, or top executive salaries.
Some years ago, I approached a member of the New York State Assembly on this subject, and together we fashioned legislation requiring charitable solicitations to contain a) gross receipts for the prior fiscal year, b) the cost of solicitation including printing and postage, and c) the salaries received by the top three executives of the organization. The legislation was introduced in the New York State Assembly, which resulted in a related hearing being scheduled.
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