CHARLESTON, W.Va. (AP) — A small Bluefield charity intended to benefit Vietnam veterans spent just a fraction last year on veterans.
Instead, the West Virginia Vietnam Veterans Foundation devoted most of its dollars to professional fees and fundraising.
The Charleston Daily Mail (http://bit.ly/1hWw6r1) reports that of every dollar spent last year by the foundation, a little more than a penny actually went to veterans-related activities. The spending totaled $37,700.
National charity watchdog group Charity Navigator says no more than 25 percent of total expenses should be for fundraising and administrative costs combined.
Representatives of the foundation founded in 1997 defended its operations, arguing that many organizations give large percentages of the money they receive to professional solicitors.
Information from: Charleston Daily Mail, http://www.dailymail.com