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TOO BIG A HELPING HAND?

Money is gushing in, overwhelming September 11 charities

By Nanette Byrnes and David Henry with Brian Hindo and Susan Zegel in
New York, Alexandra Starr in Washington, and bureau reports In the
history of charitable giving there has never been anything like this.
Since September 11 when hijacked passenger jets slammed into the World
Trade towers, the Pentagon, and a field in rural Pennsylvania, outraged
citizens from around the world have deluged relief organizations with
donations that now approach $1 billion. But disbursing that amount in a
responsible manner is a complex proposition. Is all of the money going
where donors intended? Is it being well-spent? BusinessWeek, in
collaboration with ABC's PrimeTime Thursday, finds: Top charities are
recognizing that they've received more money than they can spend on
direct aid to victims. Five weeks after the attack there is still no
mechanism to keep the more than 200 charities involved from making
duplicate payments to one recipient or letting others fall through the
cracks. Only about 10% of the money raised has been distributed so far.
The BusinessWeek/PrimeTime Thursday report shows not all the money will
end up in the hands of the victims seen fleeing burning buildings on
Sept. 11.

http://www.businessweek.com/bwdaily/dnflash/oct2001/nf20011018_3920.htm

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