The Social Impact 100 Index Will Make Sure You Never Donate To A Shady Nonprofit Again
From Fast Company
November 29, 2012 - 12:00pm
By setting a rigorous set of criteria, the index makes sure that the it only includes organizations that are using your money to make a real, tangible difference. If you’re a philanthropist, you could be forgiven for initially thinking that Wyclef Jean’s Yele nonprofit charity--intended to help rebuild Haiti post-earthquake--was a worthy cause. After all, it had a convincing celebrity backer! In the end, though, the whole thing ended up being a sham, and most of Yele’s money was wasted on office expenses, rent for Jean’s NYC recording studio, and other unnecessary items. That’s an extreme example of a common problem: it’s hard for donors to know where their money will do good. Starting this month, they can turn to the Social Impact 100 Index (the S&I 100). The index is designed to make it easier for donors to give to organizations that have r...
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