Report: Mixed results from player charities Print
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Sunday, 28 December 2008 08:46
NBA Headline News

 SALT LAKE CITY (AP) -NBA players who set up charitable foundations don't always contribute as much as expected because of poor management and the cost of fundraisers.
The analysis was made by The Salt Lake Tribune. The newspaper studied tax records filed by NBA player charities. It analyzed 89 stand-alone NBA player charities and published the results in a series of stories Sunday.
Together, the charities reported revenue of at least $31 million between 2005 and 2007. But only about 44 cents of every dollar raised - or just $14 million - actually reached needy causes.
 

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