Tuesday, October 18, 2005

Save the children

I met up with my old high school friend Sunny on Friday, and he mentioned how he was sponsoring this child through World Vision. To make a long story short, I got kind of inspired and ended up doing a similar thing. I signed up to be a sponsor through the Save the Children foundation and ended up sponsoring Satya, an 11 year old boy living in Nepal. FYI, sponsorship monies go to education and health programs in the village of the sponsored child, not to a direct handout.

I figured, it's $28 a month, which is way less than what I spend on useless crap on a regular basis - there are far better places to put that money.

3 Comments:

At 5:38 PM, Blogger SquirrleyMojo said...

A bit complicated, huh? I mean, how much of your dollar reaches him? Where does the rest of it go? How can you be sure?

I hate to be such a pooper, but is muticulturalism ever commodified by western countries?

Your heart sounds like it's in the right place--is mine just out of whack?

 
At 5:39 PM, Blogger SquirrleyMojo said...

ie. "education and health programs" ran by americans?

 
At 6:15 PM, Blogger Tao said...

The financial statements are audited by Pricewaterhousecoopers, and 90 cents of every dollar goes towards programs - i.e. an operational efficiency of 90%. I would far prefer that system to handouts, you know - teach a man to fish & all that.

A lot of charities are indeed scams, but 7 years of education about financial analysis (and a CFA) makes me a pretty good judge of what's legit and not.

 

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