Why I don't get involved in charities (Part 2)
By Early Retirement SG  •  March 20, 2018
Kuriko has further highlighted more background on charities and I think it would be interesting to talk a bit more about it. ​ Below is the comment, emphasis my own. Regrettably, for a typical project - in a ‘great’ case - the amount of funds given by donors that directly goes to the intended ground beneficiaries is around 30%. Mostly, it is around 10%. And... if the recipient involves the government where corruption is serious, that may dwindle to 5% or less. Now that is quite discouraging if you expect that at least around 50% would go to the intended beneficiaries. Now this has been very hard for me to accept and has caused great disillusionment for several years (I had no idea about this before I was promoted to a manager). How I tried to ‘console’ myself with the circumstances was twisting my expectations. It’s quite sad in a way ......
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...

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