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It means everyone donating knows what their money is going to. If you want 100% of if to go to houses, it will.
by tehwebguy 9y ago
It means everyone donating knows what their money is going to. If you want 100% of if to go to houses, it will.
- snarf21 9y agoExactly, it is about transparency. You get to choose what it is used for and they follow through.
- bretthagler 9y agoThis is right. We, of course, use both bank accounts for overall efficiency. What's important to know is that donors are able to: a) Choose exactly what they want to give towards b) Donors see the family profile and move-in video that their donation was allocated to. This holds us accountable and shows results to the donor. example: https://impact.newstorycharity.org/families/SV-FC-AHUACHAPAN-86 https://impact.newstorycharity.org/families/SV-FC-AHUACHAPAN...
- oconnor663 9y agoThat doesn't mean as much as it sounds like it does, though. Suppose an organization has $100 of "houses only" money, and another $100 of "general fund" money, $20 of which is also spent on houses. Now say I donate $5 of my own money to "houses only". There is absolutely nothing stopping the org from (and arguably nothing wrong with) reducing the "general fund" spending on houses by $5, so that the ultimate amount that goes to houses is unchanged.
- nowarninglabel 9y agoThat's not how it works with New Story as they are not putting their own operating funds towards funding houses. It'd be odd and a question in the auditing process if a non-profit operated the way you described.