Quote:
Originally Posted by IamNotKenKing
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.
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The problem shows up in that latest article.
They completely removed any of the Flames Revenue from 50/50 or donations to charities from 50/50 from the equation.
So that is 65% of the money raised by the Flames.
All that is really left is the Poker Tournament, and the Golf Tournament. Which of course have really high overhead, are used more as PR events than true donation events, and are high cost expenditures.
So the summary of the article should have been "If you remove 2/3 of the money the Flames Foundation raises/manages for charity then you can see that the Golf Tournament and Poker Tournament that they host are very inefficient at raising funds for charities".