Lady Daly
Serene Highness
- Joined
- Aug 13, 2012
- Messages
- 1,056
- City
- Sherwood
- Country
- United States
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Also, of interest, in the US there is the "5% rule"... the U.S. government expects foundations to use their assets to benefit society and it enforces this through section 4942 of the Internal Revenue Code, which requires private foundations to distribute 5% of the fair market value of their endowment each year for charitable purposes. Depending on the size of each endowment 5% may or may not be a lot of $, i.e. 5% of 1 million dollars is $50,000.
It has been my understanding a charity can easily fall into the tax free, misappropriation grifter trap, 95% for me 5% for you. Hopefully Harry and Meghan have found someone(s) who is experienced to run the various branches of Archewell. It is a fairly new organization/charity. It's my understanding it takes at least 3 years of data to rate a charity so we should be hearing more soon.
FYI, my sister was a special programs dept head of a large US charity prior to her death. If it's done right a charitable organization can be life saving and amazing.
![www.charitywatch.org](/proxy.php?image=https%3A%2F%2Fwww.charitywatch.org%2Fimg%2Fcharity_watch_logo.png&hash=79101ccf444934bb5db1085e488d4fdc&return_error=1)
Charity Rating Process
Learn how CharityWatch analysts simplify complex charity financial reporting to give you easy to digest charity reports.
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