American Red Cross faces defecit

The Chronicle of Philanthropy writes that

The American Red Cross is facing a $200-million deficit, a nearly empty disaster-relief fund, stagnant fund raising, and large loans it took out to help victims of recent disasters, reports The Wall Street Journal

The paper criticizes the charity’s fund raising as outdated, saying “its fund-raising model of living from disaster to disaster no longer works well in a world where other charities constantly are competing for donor dollars.” The paper also points out that fund raising between many of the Red Cross’s local chapters and the national headquarters is out of sync, with some affiliates refusing to share donors with the national office.

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