Another Ford-wannabe heard from. Shoots off mouth before engaging brain. Got evidence? Or do you care to say what you 'really meant'? Like say which fundraisers, and who camme up with 90%?
Fine in 2007 The Heart and Stroke Foundation of Ontario had a $130 million war chest of donor dollars
The CEO at the time was Rocco Rossi, who at that time was campaigning for donors to raise $1 million for life-saving defibrillators to be placed in arenas and other buildings in communities around the province. Heart and Stroke could easily part with $1 million to buy those defibrillators , but didn't, preferring instead to ask the public for more money. By the way he was making an undisclosed salary of 300 to 350K a year as CEO.
They in 2007 raised about $120 million yearly, mainly from donations and lottery sales. Roughly half of that amount goes to fundraising, administration and other costs. The $60-65 million left over is available for good works, but, historically, large amounts have not been spent.
In 2006 Heart and Stroke gave out $40 million in research grants and spent $21 million on health promotion and community programs, a minor increase (of $1.5 million) over the previous year. In the same three years, fundraising costs have risen from $47.7 million to $58.3 million.
You can look up the financial information filed with the CRA for all recognized charities at
http://www.cra-arc.gc.ca/chrts-gvng/menu-eng.html It’s an eye opening experience when you see what money making operations they are.