South Carolina Secretary of State Mark Hammond announced the publication of Professional Solicitor Report. The report provides a comprehensive listing of the joint financial reports filed in 2015 by paid solicitors operating in the state of South Carolina.
Secretary Hammond told South Carolina Radio Network that it is important for donors to know where their charitable dollars are going. “This report serves to inform donors of what percentage is kept by the professional solicitor, and how much actually goes to the charity.” Hammond said.
Hammond said that at the end of a fundraising campaign, or each year of a multi-year campaign, a professional solicitor is required to file a joint financial report with the Division of Public Charities. The new report released Wednesday provides a comprehensive listing of the data provided in those joint financial reports filed last year.
“We follow the recommendations of the Better Business Bureau. And the Better Business Bureau recommends that 65% of the donations go to the charitable cause,” said Hammond.
“Professional fundraisers can provide a valuable service to charities by reaching out to donors on their behalf,” said Hammond. “Unfortunately though, in many instances, professional solicitors will remit to the charity only a tiny fraction of the donations collected from contributors. For example, donors who receive a telephone solicitation may think that they are giving a $25.00 donation, when only $2.50 of that donation may reach the charity.”
Hammond said if you get a call from a professional fundraiser, ask how much is going to the charity. If they refuse to tell you, hang up.