Search-icon

With Charity For All

Why Charities Are Failing and a Better Way to Give

By

Paperback published by Anchor (Knopf Doubleday Publishing Group)

have you read it? rate it!
Histogram_reset_icon
(2 REVIEWS)
ADD TO MY SHELF
About This Book
Vast and largely unexamined, the world of American charities accounts for fully 10 percent of economic activity in this country, yet operates with little accountability, no real barriers to entry, and a stunning lack of evidence of effectiveness. In With Charity for All, Ken Stern reveals a problem hidden in plain sight and prescribes a whole new way for Americans to make a difference.

Each year, two thirds of American households donate to charities, with charitable revenues exceeding one trillion dollars. Yet while the mutual fund industry employs more than 150,000 people to rate and evaluate for-profit companies, nothing remotely comparable exists to monitor the nonprofit world. Instead, each individual is on his or her own, writing checks for a cause and going on faith. Ken Stern, former head of NPR and a long-time nonprofit executive, set out to investigate the vast world of U.S. charities and discovered a sector hobbled by deep structural flaws. Unlike private corporations that respond to market signals and go out of business when they fail, nonprofit organizations have a very low barrier to entry (the IRS approves 99.5 percent of applications) and once established rarely die. From water charities aimed at improving life in Africa to drug education programs run by police officers in thousands of U.S. schools, and including American charitable icons such as the Red Cross, Stern tells devastating stories of organizations that raise and spend millions of dollars without ever cracking the problems they set out to solve.
   But he also discovered some good news: a growing movement toward accountability and effectiveness in the nonprofit world. With Charity for All is compulsively readable, driven in its early pages by the plight of millions of Americans donating to good causes to no good end, and in its last chapters by an inspiring prescription for individual giving and widespread reform.
Show less
Vast and largely unexamined, the world of American charities accounts for fully 10 percent of economic activity in this country, yet operates with little accountability, no real barriers to entry, and a stunning lack of evidence of effectiveness. In With Charity for All, Ken Stern reveals a problem hidden in plain sight and prescribes a whole new way for Americans to make a difference.

Each year, two thirds of American households donate to charities, with charitable revenues exceeding one trillion dollars. Yet while the mutual fund industry employs more than 150,000 people to rate and evaluate for-profit companies, nothing remotely comparable exists to monitor the nonprofit world. Instead, each individual is on his or her own, writing checks for a cause and going on faith. Ken Stern, former head of NPR and a long-time nonprofit executive, set out to investigate the vast world of U.S. charities and discovered a sector hobbled by deep structural flaws. Unlike private corporations that respond to market signals and go out of business when they fail, nonprofit organizations have a very low barrier to entry (the IRS approves 99.5 percent of applications) and once established rarely die. From water charities aimed at improving life in Africa to drug education programs run by police officers in thousands of U.S. schools, and including American charitable icons such as the Red Cross, Stern tells devastating stories of organizations that raise and spend millions of dollars without ever cracking the problems they set out to solve.
   But he also discovered some good news: a growing movement toward accountability and effectiveness in the nonprofit world. With Charity for All is compulsively readable, driven in its early pages by the plight of millions of Americans donating to good causes to no good end, and in its last chapters by an inspiring prescription for individual giving and widespread reform.
Product Details
Paperback (272 pages)
Published: November 5, 2013
Publisher: Knopf Doubleday Publishing Group
Imprint: Anchor
ISBN: 9780307743817
Other books byKen Stern
  • Pounce

    Pounce
    How to Seize Profit in Today's Chaotic Markets
    As Seen on Public Television EAT OR BE EATEN In turbulent markets you need to become an investment predator. Investment predators create a plan for capturing their prey (prime investment opportunities) while risk is fairly low, and spit the bones out (sell the investment) before they become prey themselves. Pounce describes a system that is neither frantic day trading nor passive buy-and-hold investing. You set up a three-pronged strategy based on quantitative measures of market value, economic direction, and market sentiment, and then choose stocks, exchange traded funds (ETFs), or mutual funds using easy-to-understand criteria. You tweak the system no more than once a month. You’ve now got the laws of probability in your favor. Recessions, disruptive periods, or bear markets become windows of opportunity. Pounce teaches you with dozens of specific examples how to run your investment life so as to never be the prey again!

Favorite QuotesFROM THIS BOOK
Quote Cannot be Empty

Submitted quotes are usually posted within 48 hours

ThanksYour Quote Will be posted Shortly
Bookish