Kate Bahen and her friends entered the non-profit services sector and discovered that donating wisely is not easy.
"The traditional method of giving is spray and pray; it's passive," says Ms. Bahen, a retired equity analyst. "You make your decision based on your social network and who is sitting on which board.
Ms. Bahen and her friends saw significant problems in that approach. "There was no way for us to find about organizations doing phenomenal work on the front lines. " So, they turned the table and made giving an active endeavour.
In 2006, they launched Charity Intelligence, which itself became a registered charity in 2008, and began applying their investment training into attacking Canada's most pressing social issues. Charity Intelligence researches and analyzes Canada's charities in order to provide givers with the information they need to give to charities with proven results. It provides its finding free of charge on its website: http://www.charityintelligence.ca/.
What a wonderful idea in theory but there are 82,000 registered charities according to one of the statistics. How is this group going to evaluate them and how does it choose which one to examine. A worthy objective but how will the group do it's job effectively? Will be interesting to examine again in a year's time.
Monday, June 29, 2009
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