A charity that supplements revenue with lottery proceeds needs to tread carefully. Lotteries are bad bargains because of the comparatively small return on ticket sales. Health-related foundations need to be certain that the extra cost to health consumers is fair and just.
In 2007, on gross revenue of nearly 14 million dollars, the QEII foundation netted a bit over 5 million. Close to 8 million of your hard earned dollars were redistributed in prizes and overhead.
This may be completely defensible, but there is no evidence that the QEII foundation conducted an ethical review, nor that is has any policy whatsoever on the topic of ethical fundraising.
The foundation needs to articulate detailed fundraising standards and meet them.
Saturday, December 20, 2008
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