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Frank A. Douglass Insurance Agency

Report on Charities

A new report found that charities received only thirty-eight cents for every dollar raised by professional fundraisers licensed in Michigan, up three percent from last year. Michigan’s second annual Professional Fundraising Charitable Solicitation Report includes the results of fundraising campaigns reported to the Attorney General during the 2013 calendar year. According to data in the report, on average, professional fundraisers pocket 62% of funds raised. Under Michigan law, a professional fundraiser is defined as a person or organization that solicits contributions on behalf of a charity in exchange for compensation.

 

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