AG Report Finds Only 2/3 of Charity Donations Went to Charities & Professional Fundraisers Retained the Rest
In time for Giving Tuesday and the holiday season, on Monday, Nov. 29, New York Attorney General Letitia James released her annual “Pennies for Charity: Fundraising by Professional Fundraisers” report, which found that charities that used professional fundraisers received only about two-thirds of every dollar donated in 2020, with those fundraisers retaining the remainder — earning more than $380 million. Analyzing 718 campaigns conducted by professional fundraisers in 2020, the report concluded that charities earned 73 percent of donations from those campaigns, a small increase from the previous year, and in line with the last four years’ results. “As