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Is this the future of charity? The transparency on offer is really good in that you can see exactly how donations are going to help these kids. The concept has
by shaydoc 13y ago
Is this the future of charity?
The transparency on offer is really good in that you can see exactly how donations are going to help these kids.
The concept has obviously been well publicized with watsi.org, and rightly so, its very benevolent.
My question is what are the overheads with this kind of organisation, how do you pay your own bills?
- benblodgett 13y agoThat's a great question and it is one of the toughest problems with the model. We have decided to take a fee (3% of tuition) in order to cover our basic technical costs. In order to become more sustainable we are building partnerships with other ngos who can benefit from our technology.
- shaydoc 13y agogood luck with this. the good thing and the thing I admire about this and Watsi.org is you are using technology to benefit others.
- molsongolden 13y agoMany large non-profits (united way for example) will work with business donors who agree to donate and cover an operating fund so that all individual donations can go straight to the cause. The business donors understand that costs need to be covered and this leaves a more appealing value proposition for individual donors who want their money to go to a specific project.