Why should I donate money to the OutCare Foundation rather than donating directly to one of the healthcare organizations it supports?
When the OutCare Foundation receives a donation, 100% of the entire donation is used for granting purposes or to grow the size of the endowment which in turn generates greater investment income that will be used in future grants. Not a single penny of any donation is used to pay for administrative or operating costs; these costs are covered through investment income from the Foundation’s endowment. This is significant because usually some portion of a donation made directly to a charitable organization is allocated to pay for administrative and operating costs. However, when donating to the OutCare Foundation, the entire donation or the proceeds generated from interest on a donation added to the endowment goes directly to meeting needs of the patients and families served by the Foundation’s partners.
Related Questions
- Why should I donate money to the OutCare Foundation rather than donating directly to one of the healthcare organizations it supports?
- Why is it a good idea to donate to NGS as opposed to donating directly to the organizations NGS funds?
- How are funds used by the healthcare organizations the OutCare Foundation supports?
