Quote:
Originally Posted by Flash Walken
Bingo to the rescue.
The story isn't whatever cents in the dollar, the story is that the flames with one of the wealthiest ownership groups in the league, certainly in Canada, are operating the least efficient charity of their peer group to the tune of being less than half as efficient dollar for dollar as a team like Montreal.
|
Also not true.
Flames Foundation issue is not that they are less efficient. Based on the annual report I would say their annual expense of $530k are probably quite reasonable.
It is a situation where they are keeping a large reserve, and are not donating as much of that reserve to the charities in the study period.
Also this isn't a good thing or a bad thing until the Flames Foundation clarifies their position.
If they have plans for something that say will cost $10M, and they are saving up for that donation, then maybe there is nothing to see here and there is actually a strong plan in place.
The CBC article itself has some flaws by just looking at money raised in a time period vs. money donated in a time period, and then stating somebody is inefficient because of that.
Candice Goudie and the Flames Foundation have been well regarded across the city as doing great work for charity. I get people have the pitchforks out for our ownership group around the arena stuff right now but don't let that, and what is a half baked article by CBC, get in the way of the great work that group does.