Quote:
Originally Posted by Fan in Exile
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.
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Maybe I read it wrong, but I think the reserve is the issue, as those funds haven’t been allocated yet, so make up part of the 70 cents unallocated, thus only 30 cents per dollar show as allocated.