That Charity May Not Be The Right Type Of Charity

James Altucher being provocative as usual…

“Ten Reasons Why I Would Never Donate to a Major Charity…”

I’m not endorsing this conclusion but he makes some useful points:

I’m not saying don’t give. I’m not saying don’t be spiritual or don’t be good. But do it with thoughtfulness, with true spirit, with a true desire to help. More harm than good is done when you blindly throw money at most charities.

3) I don’t like paying administrative overhead. For every $1 someone donates to the American Cancer Society, 9.8 cents goes to administrative costs. (more…)

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