Quote:
Originally Posted by Bingo
I think there are a lot of good points in the five pages.
Matt did a lot of number crunching at the expense side which alleviated my initial fears that the foundation has gotten bloated
Seems to point to unallocated funds.
If that's the case and it goes to the charity delayed that's not terrible
If that's the case and it never goes anywhere that's bad
Either way they need to be more clear on where dollars go and they need to have an answer to these questions.
The CBC could have closed the loop and talked to the teams to form a more complete news piece
|
I don't think the reserve is the issue. The table showed many teams' foundations have a sizeable reserve. That strikes me as an odd practice but I do not conclude that is the basis for the conclusion that only 30 cents of every dollar goes to charitable donations. To be fair, I think you're both right that both the watchdog and the CBC could and should have explained better how they drew those conclusions. However, it is not to the Flames' credit that they have made no comment or effort to explain. I would not be making any contributions until I was provided a satisfactory explanation.