Wednesday, December 13, 2006

Charitable solicitations a rip-off

One reason not to respond to charitable solicitations over the phone: the telemarketer is pocketing half the money.

Charitable organizations that used telemarketers to solicit money from Colorado residents in the past year kept an average of 51 percent of the cash collected, with the telemarketing companies retaining the rest.


About 15 percent of the charitable campaigns conducted in Colorado received less than a dime for every dollar collected over the phone. Just two [of 187] campaigns got more than 90 cents per dollar raised.

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