St. Jude Hoards Billions

Only about half of the $7.3 billion St. Jude has received in contributions in the past five fiscal years went to the hospital’s research and caring for patients, according to its financial filings with the Internal Revenue Service. About 30% covered the cost of its fundraising operations, and the remaining 20%, or $1 of every $5 donated, increased its reserve fund… More here.

Interesting research and I am not 100% clear regarding the rights and wrongs of this. Must say I wasn’t surprised by the article though.

Categories: Articles

1 reply

  1. This article is a bit strange. Yes, the organisation seems to be a bit overzealous with the rules, but most charities have charters and if healthcare is its thing, I’m not sure why people would then expect it to pay off loans, and so on.

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