New York telemarketers keep more than half money raised for charity – report

For-profit telemarketing companies based in New York retained 52 percent of the funds they raised on behalf of charities in 2013, according to a new report released by the state’s attorney general.

Of the $302 million raised in 2013 for charitable causes — the most ever reported in New York’s history — $146.5 million actually went to the fundraising missions of the organizations, New York Attorney General Eric Schneiderman concluded in his office’s 12th annual ‘Pennies for Charity’ report.

“New Yorkers who are generous enough to donate their hard-earned money to charity deserve to know how that money is really spent, including how much is used to pay for-profit telemarketers,” Schneiderman said in a statement .... http://rt.com/usa