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New Delaware Business Launches to Aid Charities with Donation Efforts

New Delaware business launches to aid charities with donation effortsThe owners of Delaware 302 launched a new business Aug. 12 aimed at helping charities and nonprofits with their donation and fundraising efforts. The Charity Wishlist is is an organization that helps nonprofits and charities sustain their ongoing donation and fundraising needs through low-cost online systems. The concept is unique.

The Charity Wishlist will help charities by providing them with a way to accept donations of either money or goods online. Some services will be provided at no cost, or minimal cost, an important factor for groups that operate on a shoestring budget.

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Charity Sector Lacking Proper Accountability

Jeffery Joseph charity lacks poper accountabilityA yearlong investigation by the Tampa Tribune and the Center for Investigative Reporting has uncovered serious fraud and abuse in the charity world. It’s a tale not just of the public being ripped off for the benefit of unscrupulous fundraising firms but also of hapless state regulators with a nearly empty toolbox.

The investigators named 50 charities as the worst in America, and it’s not hard to see why. The Kids Wish Network, the worst, raised $127.8 million over a 10-year period using solicitors who were paid $109.8 million. Only 2.5 percent of the money raised was spent on direct cash aid.

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Start-ups Asked to Pledge Equity to Charity

Philanthropy NewsEntrepreneurs are being told to give up 1pc of the equity they hold in their start-ups to a “charity they feel passionate about” by a new campaign that is aiming to get time and cash-poor company founders to support good causes.

The Founders Pledge scheme is being led by Damian Kimmelman, director of financial information website Duedil.com, who said he is in talks with investors and other business owners to establish the initiative.

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