![]() |
Originally Posted by ChaseZ It's a philosophical debate, and a personal one at that. My thinking is more along the lines of help starts at home. How many people need
|
![]() |
|
LinkBack | Thread Tools | Display Modes |
|
![]() |
#1 (permalink) | |
Premium Member
![]() Join Date: Jan 2016
Location: Toronto
Posts: 105
Drives: 16 Nissan 370z MB M6
Rep Power: 10 ![]() |
![]() Quote:
|
|
![]() |
![]() |
![]() |
#2 (permalink) | |
A True Z Fanatic
![]() Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29539 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() Quote:
![]() I looked through their financials in 2015, and didn't see anything going to Flint, MI and this charity is based in NYC. Granted, it's been a long day and I only skimmed their 2015 Audit, but it raised some questions. I'll look at it again this evening, but I don't understand why their funds (meant to be spent helping people) are being invested in the market. Why would you expose your operating / donation capital to market fluctuations, especially in a time as volatile as the last year. Helping Africa is a bottomless pit. Any good you do will be undone by local governments / warlords in those areas. If you want to do the most good for your buck, give within your community.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent |
|
![]() |
![]() |
![]() |
#3 (permalink) | |
Premium Member
![]() Join Date: Jan 2016
Location: Toronto
Posts: 105
Drives: 16 Nissan 370z MB M6
Rep Power: 10 ![]() |
![]() Quote:
They don't just help in Africa, they help in other continents as well |
|
![]() |
![]() |
![]() |
#4 (permalink) |
A True Z Fanatic
![]() Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29539 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
Exactly, they did not help in MI. They claimed they did not have the expertise or resources, when a semi loaded with cases of bottled water would have been a start, easily accomplished and relatively inexpensive. At times, first world activists seem to get a special boost from helping the impoverished third world at the expense of the ones right under their noses. I'm not necessarily throwing rocks at them (yet). There's just things that don't make sense. Some of the accounting doesn't look right at first glance. I've got to give it another shot when I'm not exhausted.
Another example besides the market investments mentioned above - Their storage space for water and equipment is donated, but they spent almost $750k in rent in 2015. Granted, it is in NYC, but if your target areas are half the world away why set up headquarters in one of the most expensive places in North America?
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent |
![]() |
![]() |
![]() |
#5 (permalink) | |
Premium Member
![]() Join Date: Jan 2016
Location: Toronto
Posts: 105
Drives: 16 Nissan 370z MB M6
Rep Power: 10 ![]() |
![]() Quote:
Every charity has certain goals and different regions which they work in. Realistically speaking, the majority of the charities that help 3rd world countries are run by first world activist. Without them, nothing would really get achieved and things would be worse than it is now. The money that is spent on rent, etc. is paid for by donating investors and not donations like the one I posted. All donations go directly to water. Last edited by TheMagZ; 08-11-2016 at 03:58 PM. |
|
![]() |
![]() |
![]() |
#6 (permalink) |
A True Z Fanatic
![]() Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29539 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
They're pooling donations and investing them in the market. That just feels weird. I'll read the rest of the financials later.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent |
![]() |
![]() |
![]() |
Bookmarks |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Shaking Steering Wheel - Dealership Problem - I am going to donate money | John_Kay | Wheels & Tires | 10 | 12-26-2013 03:46 PM |
Cars | Cause | Charity - South Florida Vossen/WarrenHenry Charity Event | diego@vossen | South East Region | 6 | 07-29-2013 03:05 PM |
THE370Z Moves to The New Server + Tapatalk Integration + new Donate Button | AK370Z | Announcements | 14 | 07-21-2011 04:09 PM |
Varis Charity Decal: Proceeds Directly to Charity | KamiSpeed | Body Interior/Exterior | 8 | 06-24-2011 04:18 PM |