“WE RUN a business here—but instead of selling cars or candy to kids, we’re selling hope and leadership,” says Nancy Lublin, the chief executive of Do Something, a non-profit group which promotes volunteerism by teenagers. On September 17th she is launching an initial public offering (IPO) to raise the $8m needed to double Do Something’s activities by 2011, by which time it plans to be engaging with around 21m of America’s 32m teenagers.
The business of giving | Non-profit capitalism | The Economist
In the month of Ramadan and as we approach Eid, Muslims feel charitable and pay large sums in the form of Zakat or charity. But did you ever think where your money goes? Does your Zakat or charity even reach the people it is intended to? Do our non profit organizations have a clear mission and are they held accountable to it?
Bait Al-Zakat, which is a government entity, is the most credible organization and they publish annual reports on their activity. But still there is no real verification process. What we lack are two things. The first thing is the interest of the donor to follow up on their money and that it actually went to the right people. Often donors just pay and to them the good deed is done. Second is the existence of independent verification agencies that give ratings and accreditation to charitable organization. This way people will have some comfort when giving to Zakat or charity.