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The direct connection between donor and beneficiary is an interesting new business model for the charity sector. In the UK, several large humanitarian aid chari
by jackgavigan 13y ago
The direct connection between donor and beneficiary is an interesting new business model for the charity sector. In the UK, several large humanitarian aid charities have been put under the spotlight after it was revealed that 30 charity executives are paid over £100,000 (over $150,000)[1].
If a charity can guarantee (and, ideally, show evidence ex post facto) that 100% of my donation will go to the program/activity/whatever I want to support, and that their administration overheads will be covered from other funding sources (e.g. corporate donations), that would eliminate any concern I might have that a large chuck of my donation would end up being spent on swanky offices and fat-cat executives.
There is a big opportunity here for Watsi to build a platform that can be re-purposed for other types of charitable activities.
1: http://www.independent.co.uk/news/uk/home-news/uk-charities-hit-back-at-salary-criticism-after-revelation-that-30-bosses-paid-more-than-100000-a-year-8747591.html http://www.independent.co.uk/news/uk/home-news/uk-charities-...