Monday, December 12, 2011

Do you really want to donate to the Alzheimer's Association?

Actually it starts with a $2.7 million CEO.
   (Dec 12, 2014) This year as part of the Alzheimer’s Association Walk to End Alzheimer’s, Sunrise Senior Living ( raised more than $500,000 for the Alzheimer’s Association, providing less than 1/538th of its the "charity's" income (but it already has plenty, including a $20 million slush fund).
    The CEO of the Chicago-based "nonprofit" Association pays himself more than $2.7 million annually, according to IRS Form 990 for fiscal year 2013, and there are 70 local chapters which also have generous pay packages. The "nonprofit" spends one fifth of its income on fund-raising.
    In the past 32 years, the Alzheimer's Association has contributed only $335 million to research -- less than 18 months worth of its revenue over that time period

    The Alzheimer's Asssociation's national office had total revenue of $269 million in 2013.
     Most of its program funds go to advocacy and awareness issues, overhead, salaries and other administrative costs.
    The involvement of Sunrise Senior Living in the fund-raising project was ironic, since its "treatment" of dementia residents consists of little more than putting them in front of a TV for most of the day.

One of many sumptuous rooms at the New York Alzheimer's chapter,
paid for, of course, by donations to the cause of battling this disease.