LA Daily News via COF Professional Advisor Listserv:
An astonishing $3 billion was raised to help the victims of the Sept. 11, 2001, terrorist attacks, and nearly all that money has been spent, the bulk of it handed over in cash grants, some without regard to financial need. The practice of giving victims direct cash assistance was in part driven by pressure from donors and scrutiny from the news media over whether charities were spending the money quickly enough and putting it in the hands of grieving families, unemployed workers and people left homeless by destruction, ash and debris.
When donors are ruled by passion, must cooler heads at charities go along?
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