Hello guys and gals, it's me Mutahar again! This time we take a look at "The Completionist", a YouTube channel hosted by Jirard Khalil. This YouTuber has bee...
Even if keeping the money on on a bank account for nine years was an honest mistake: Don’t tell that every penny will be donated and then deduct expenses.
Is it not normal for a charity to deduct expenses from donated funds? I didnt think that was the scandalous part, I always thought that was standard practice for charities in general.
Yes, it is normal but then credible organizations then won’t make the claim that everything will be donated. When such statements are made, the reasonable expectation is that costs are covered by 3rd parties.
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Even if keeping the money on on a bank account for nine years was an honest mistake: Don’t tell that every penny will be donated and then deduct expenses.
Is it not normal for a charity to deduct expenses from donated funds? I didnt think that was the scandalous part, I always thought that was standard practice for charities in general.
Yes, it is normal but then credible organizations then won’t make the claim that everything will be donated. When such statements are made, the reasonable expectation is that costs are covered by 3rd parties.
I’m not sure if this fits here, but that’s the main difference between “100% of profit” vs “100% of revenue”