A Charity Accepts Uber Stock as Donations. Then Uses It to Pay Staff Bonuses. - News Summed Up

A Charity Accepts Uber Stock as Donations. Then Uses It to Pay Staff Bonuses.


He hopes to raise $1 billion over the next seven years, $800 million of which would go to program costs and $200 million to back-end support for field operations, rent and payroll. To accomplish as much, Mr. Harrison believes he will need to think less like a plodding foundation and more like a start-up. Mr. Harrison refers to donations as “revenue” and talks about key performance indicators. To many of the entrepreneurs who support Charity: water, this is a big part of the appeal. Charity: water’s work in the developing world draws favorable reviews even from those who question its fund-raising tactics.


Source: New York Times April 11, 2019 16:15 UTC



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