$3T flows through U.S. nonprofits every year
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$3T flows through U.S. nonprofits every year
1–10 of 88 posts
Re: $3T flows through U.S. nonprofits every year
#2these are the lobbies in the middle east, lobbying to topple regimes and co.
Re: $3T flows through U.S. nonprofits every year
#3yes, what we need is for charities to operate on a quarterly reporting cycle, so that their administrative overhead increase, and (like public companies) they can be myopically focused on short-term performance.
Re: $3T flows through U.S. nonprofits every year
#4I believe that many (most?) non-profits are a combination of grift and money laundering.
I would love to see requirements that 75%+ of all non-profit revenue has to pass through to the community, that non-profits may not transfer funds to other non-profits, and that directors and officers cannot be compensated and have very modest limits on expenses.
Re: $3T flows through U.S. nonprofits every year
#5Aka the Nonprofit Industrial Complex.
Here's a surprisingly factual Teen Vogue primer:
https://www.teenvogue.com/story/non-profit-industrial-comple...
Re: $3T flows through U.S. nonprofits every year
#6I believe that many (most?) non-profits are a combination of grift and money laundering. I would love to see requirements that 75%+ of all non-profit revenue has to pass through to the community, that non-profits may not transfer funds to other non-profits, and that directors and officers cannot be compensated and have very modest limits on expenses.
This would be great. I would also like to see non profits close shop once their goals are reached or fail rather than transform into a new thing just so the top people who make up the organization can continue to have a paycheck.
Re: $3T flows through U.S. nonprofits every year
#7They're a structure to compensate for the lack of state power created by us burdening our instruments of government with overwhelming requirements as much as I suspect that all we did is move the location where crimes were committed. I doubt the direction to success is through burdening these successor organizations with requirements. I suspect it is through reducing the constraints upon our governments - though how one would go about that in the face of highly-organized directed interests is an unsolved problem. Certainly, no one has yet come up with a scheme where firefighters' unions cannot impose rent-seeking requirements like FARS upon the remainder of society. Perhaps I'll take the chance to make a grand proclamation or 'hot take': "America will succeed or fail in the next century depending entirely on her ability to solve rent-seeking".
Re: $3T flows through U.S. nonprofits every year
#8"It’s just that almost nobody looks."
Looking will blow up too many cushy deals for too much of the Powers That Be. A great deal of it is non-show "chairmanship" jobs for the family and friends of politicians. Legal bribes.
Feeding Our Future was another fine example of the shenanigans that go on in the US. Power Forward Communities was setup with $100 and captured $2 billion in EPA grants; caught while still doing only token work and not yet having been drained into the pockets of the favored. Abundant Blessings in CA was another nest of fraud; in criminal court right now.
Seems like you can't go more than a couple days without another non-profit scam mess hitting headlines.
Re: $3T flows through U.S. nonprofits every year
#9I believe that many (most?) non-profits are a combination of grift and money laundering. I would love to see requirements that 75%+ of all non-profit revenue has to pass through to the community, that non-profits may not transfer funds to other non-profits, and that directors and officers cannot be compensated and have very modest limits on expenses.
It seems to me that there's a strong Pareto law inclination to this. 99% of non-profits are going to the local volley ball club type organizations that indeed don't make any money at all, or maybe a few hundred at most. I am in the board of a local chess club and you should see the amount of discussion that sometimes happens around a budget of no more than the equivalent of several hundred USD. I honestly can't imagine anyone is using us to launder money. (How, even? Yearly contribution is less than 100 EUR and even major sponsors for tournaments etc are easily traceable local companies that contribute Then there's a relatively tiny amount of organizations that processes the vast majority of funds. Universities, hospitals, big FOSS organizations, etc. Those are the ones that are actually interesting.
Re: $3T flows through U.S. nonprofits every year
#10Strangely, what they're selling is some kind of automated surveillance camera system.[1] "Whatever you funded, we can monitor it."