Posts Tagged ‘charity’

Today was the annual Terry Fox Run, supporting cancer research, awareness and care. As a general rule, I have very little sympathy for charities. Most support themselves by keeping enough cash flow to pay for their own employment and little else.

Don’t get me wrong – I think Terry Fox himself was courageous and most definitely a local hero – but I think the administrators of the Terry Fox Foundation are greedy and self-serving.

From the Canada Revenue Agency charity listings:
In 2009, the Terry Fox Foundation had:

  • 102 million in assets, held in cash and investments
  • 27 million in donations, interest, and government grants

This is in 2009 alone.  How much did they spend?  Where did they spend it?

  • 3.75 million on fundraising and management
  • 2 million on advertising and other office expence

But what about the research??? What about finding the “cure” for cancer??

  • 1.3 million spent for research funding and grants

Enough said.

Click here to investigate your favourite Canadian charity!


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