Wednesday, December 03, 2008

Fundraising... how much goes where?

Many times people will ask me how much of the money raised for AIDS/LifeCycle goes to paying for the event itself.  If you check out this page on the ALC website, it will give you the breakdown for AIDS LifeCycles 1 thru 6 (ALC 7 has not been fully audited yet).

Basically, if you take a look at ALC 6, the Cost of Fundraising was 33.5%, meaning that about 66.5% of the money raised went to the Beneficiaries (either the LA Gay and Lesbian Center, or the SF AIDS Foundation).  

What's great about this money, is that unlike a lot of the money received from the government, the Beneficiaries can use those funds the way they deem appropriate. Many times the money received from the government has to be used a specific way.

Money raised by all of us is money without any strings attached!