Can you explain why they have assets of over $19 million, income of over $12 million a year and pay out only about $1.4 million in grants? The income they get from the investment of the $19 million is more than the grants given. That means, in effect, that the present donations don't make it to the troops but are absorbed by 'expenses'.
“Can you explain why they have assets of over $19 million, income of over $12 million a year and pay out only about $1.4 million in grants? The income they get from the investment of the $19 million is more than the grants given. That means, in effect, that the present donations don’t make it to the troops but are absorbed by ‘expenses’.”
Yes, grants are a small part of what they do, it is just one of the programs. They also fly relatives to visit overseas hospitalized wounded military personnel, they pay air, hotel, food, etc. They also ship care packages overseas and have other programs as well.
They spend about 80% of their expenditures directly on their programs...their administrative expenditures make up almost 5% of their costs.
http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=6590
The funds are held in a trust or escrow to be used when the time comes and the little kids grow up to go to college. Given some time I can weed through their tax return and find out what vehicle they use for this, but these numbers for 2007 that the author claimed were the only disbursements are total BS.
Would you suggest that they give $50,000 to the 5 year old kids who dad was killed in service or would you recommend that they wait until the kid is of college age?
I think someone has already pointed out that the $19 million in securities is a trust fund to be paid out as the kids get of college age.
Regardless, it would be much smarter to find out what the actual plan is before getting critical.
$19 million invested properly will be one really nice pot for the education of the children, but adding a few million every year to it as well and it will assure those kids of the opportunity.
Lets get some facts before spouting off.