Tuesday, January 31, 2006

LA Daily News - News-Charity claims extra credit

LA Daily News - News: "Charity claims extra credit
Half of donations from other givers
By Beth Barrett, Staff Writer



The McCormick Tribune Foundation, the charitable arm associated with the Los Angeles Times' parent company, has stirred controversy in Los Angeles' philanthropic circles by claiming it contributed $6.1 million to area charities in 2004 although at least half of the money came from other local donors.
Some nonprofits speak highly of the program that increases their revenue but such leading philanthropists as former Mayor Richard Riordan are highly critical. And several nonprofits have dropped out of the program, saying they end up doing most of the work in partnered fundraising events and are uncomfortable with the way the foundation uses an unusual but legal means of reporting its contributions.
In its simplest form, the foundation requires nonprofits to give it a substantial check "

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