Wednesday, December 21, 2011

Some Tips to Donating for Disease Research

Today instead of looking at advances in technology or actual funding numbers, I thought I'd share with you a couple of pointers to look for when donating, since this is what we're in it for. We're in it to help and that comes through donations and while many claim that they're here to help, some are simply better than others. Here we go:

1) Try to find a charity that spends at least 75% on program expenses. This means that they're actually putting the money where they promise - the actual disease research. You might ask why not more. Well, simply, there are overhead expenses when paying for their offices and staff, etc. The 75% means that they're putting more money into the actual research and the researchers that conduct that research.

2) To reference the last point, you should also look for administrative expenses, the overhead and such, to be less than 15%. This leaves about 10% to go towards advertising and miscellaneous expenses.

The National Institute of Philanthropy and the Charity Navigator are two that are good to use to get the actual data on the programs expenses.

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