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The Autobiography of Russell
Life from a different perspective
zimzat
zimzat
Loopholes for idiots
Can anyone else spot something fundamentally wrong with this statement: "100% of all net proceeds [from a cash donation] will be donated ..."
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romeohotel From: romeohotel Date: April 27th, 2009 04:12 am (UTC) (Link)
What defines net, though? Lots of charities spend most of their donations on "overhead."
zimzat From: zimzat Date: April 27th, 2009 05:21 am (UTC) (Link)
Precisely. Net is any income after expenses, but knowing that most charities label a very large portion of their income as "expenses", this is just a marketing gimmick to make people feel better about giving money, no matter how it's really being divided and spent.

The above text was encountered at a Carl's Jr drive through. The gimmick is to donate a dollar and get ten dollars in coupons, with "100%" of net proceeds being donated to blah blah blah.

Edited at 2009-04-27 05:23 am (UTC)
d2leddy From: d2leddy Date: April 27th, 2009 02:04 pm (UTC) (Link)
I saw a pricey purse in a department store that boasted "GENUINE ARTIFICAL LEATHER TRIM!"
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