Thursday, April 27, 2006

The Daily News Record: Top News-Cost Of Raising Money

The Daily News Record: Top News: "Cost Of Raising Money

With the 2005 fund-raising campaign complete and the allocations made, the United Way begins its next capital campaign in the summer, according to Terry Weaver, the 2006 campaign chair.

Weaver said he hopes to repeat the results of the ’05 campaign.

'We hit our goal for the first time in 10 years,' he said. 'So I feel some pressure.'

With $160,322 in fund-raising and management expenses, the United Way of Harrisonburg and Rockingham County spends 15.9 percent of the money it raises maintaining its operations.

'That’s lower than most United Ways,' Hay said.

That also is well within the Better Business Bureau’s Wise Giving Alliance guidelines that 'charities should spend no more than 35 percent of related contributions on fund raising.'

The largest 200,000 charitable organizations in the United States spend 18 percent on fund-raising costs, according to the Association of Fundraising Professionals."

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