Wednesday, July 7, 2010

New To The Site - Donor Advisories

As you may have heard, the NY AG’s office has launched an investigation into the car donation industry which includes an examination of the finances of several charities. Two of these charities --- Heritage for the Blind and Joy for Our Youth--- are among those we rate. One other --- Breast Cancer Society --- is among those we can’t yet rate (it hasn’t filed enough years of financial data), but because we get so inquires about it (apparently due to the large volume of solicitations that it sends) we’ve posted an explanation on our site as to why we can’t yet rate it.

If you visit our site to check out those charities, then you’ll notice a red ‘donor advisory’ alert. If you click on it, then you’ll find information about the NY AG’s investigation. While this additional information does not impact the charity’s rating, we think it is important enough that donors should take it into account when considering supporting one of these charities.

You can learn more about how we decide to post an advisory by visiting the methodology portion of our site. And you can see an example of another donor advisory here.

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