FabSwingers.com > Forums > The Lounge > charities? should they invest in death and destruction?
charities? should they invest in death and destruction?
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Well like most charities, comic relief invests its money in guns and shit.
Should it not be in their I values, not to invest their money in death??
Or does it keep the money rolling??
Surely there must be more sensible options.
Catholic church is the same.
I don't give to these people, seems all too much of a con, where probably 1% goes to the needy.
Or are charities just another excuse for more fingers in the pie.
Don't get me wrong, they do alot of good, but they must pull their shit together. |
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By (user no longer on site)
over a year ago
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"How do they invest in guns? "
Panorama has exposed that they are investing in guns and tobacco companies. Comic Relief says 'it has a responsibility to make the best investments'
Maybe they should buy shares in Lenny and Premier Inns |
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By (user no longer on site)
over a year ago
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I have very little money, at the moment I have about £3 left on my overdraft.
I have never given cash to any charity, I give something more precious, my time.
6 hours a week, and I do make a difference to a few peoples lives,
If each and everyone of us got of our arse and gave a few hours a week to help others, the world would be a happier and better place, nearly everyone can give a few pounds a month to a charity, and think that's ok, but as original poster says, that few pounds is paying for administration, management and salaries, before one penny, helps anyone.
In 2014, make it your choice to help less fortunate and less able people have a better life, adopt a child, organise play groups, use your talents and skills to make a difference, even if you just make one persons life better. |
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"I have very little money, at the moment I have about £3 left on my overdraft.
I have never given cash to any charity, I give something more precious, my time.
6 hours a week, and I do make a difference to a few peoples lives,
If each and everyone of us got of our arse and gave a few hours a week to help others, the world would be a happier and better place, nearly everyone can give a few pounds a month to a charity, and think that's ok, but as original poster says, that few pounds is paying for administration, management and salaries, before one penny, helps anyone.
In 2014, make it your choice to help less fortunate and less able people have a better life, adopt a child, organise play groups, use your talents and skills to make a difference, even if you just make one persons life better."
I thought you were making a monetary donation after your beans on toast on Christmas day? |
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"How do they invest in guns?
Panorama has exposed that they are investing in guns and tobacco companies. Comic Relief says 'it has a responsibility to make the best investments'
Maybe they should buy shares in Lenny and Premier Inns"
I'll catch up with the news at work  |
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By (user no longer on site)
over a year ago
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Comic Relief also invested £2 million into a range of Gordon Ramseys sauces and lost £ 1.4 million of it , money simply drips through fingers at the Beeb ! |
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By (user no longer on site)
over a year ago
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"..........
In 2014, make it your choice to help less fortunate and less able people have a better life, adopt a child, organise play groups, use your talents and skills to make a difference, even if you just make one persons life better."
 |
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"Comic Relief also invested £2 million into a range of Gordon Ramseys sauces and lost £ 1.4 million of it , money simply drips through fingers at the Beeb !"
Comic Relief is not the Beeb, it's an indepentant charity. The Beeb just happens to let it have an evening of TV broadcast time once every two years. |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
Charities should not be investing in businesses that go against their objects. It is the fiduciary duty of charities to ensure they get the best return for their investments but that does not mean they have to abandon ethical principles that support their objects.
Investments through funds that are several layers deep is difficult but it is still the responsibility of the trustees to know what they are investing in and make that decision.
As to the costs of running a charity it is much the same as any business - heating, lighting, rent, stationery, desks, salaries all cost. No large charity operates without any overheads.
Comic Relief is not part of the BBC - the BBC charity is Children In Need. |
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By (user no longer on site)
over a year ago
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"Well like most charities, comic relief invests its money in guns and shit.
Should it not be in their I values, not to invest their money in death??
Or does it keep the money rolling??
Surely there must be more sensible options.
."
I must admit I’m uncomfortable with the choice of Comic Relief to invest in such areas, although I do appreciate a gun itself is not the cause of evil.
A gun is a tool that can be used for protection or as a deterrent against people intent on wrong doing.....
Many of the people whose work is supported by the funds raised by comic relief benefit from armed protection while trying elevate the suffering of those in need…
Also the growing of tobacco gives employment and income to families in areas of the world where few alternative options are available for the local communities to generate the sort of financial security needed to provide a life above subsistence levels…
However I must admit I'm rather uncomfortable Comic Relief have chosen to overlook the mixed message that investing in such controversial markets presents to the wider public who’ve generously donated their money with such good grace....  |
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By (user no longer on site)
over a year ago
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I seen this last night, despicable. To think people have supported this charity for years and they have lied to everyone they steal from. "This money is going to help people in need". The Arms, Alcohol and Tobacco industry is not PEOPLE IN NEED!!! |
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By *nnyMan
over a year ago
Glasgow |
"......
Also the growing of tobacco gives employment and income to families in areas of the world where few alternative options are available for the local communities to generate the sort of financial security needed to provide a life above subsistence levels…
....."
You could say the same about coca. I wonder whether tobacco or coca kills more people. |
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By *B9 QueenWoman
over a year ago
Over the rainbow, under the bridge |
If you mistrust charities to distribute or use their money correctly you can always do other things for charity. For example, I regularly donate food to a local food bank. It is directly helping people in need. |
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By (user no longer on site)
over a year ago
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"......
Also the growing of tobacco gives employment and income to families in areas of the world where few alternative options are available for the local communities to generate the sort of financial security needed to provide a life above subsistence levels…
.....
You could say the same about coca. I wonder whether tobacco or coca kills more people."
Thats very true about coca,,,,,,
We are very fortunate to live in a country where as individuals we have the luxury of making educated choice based on our sense ethical morality ..... |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"I seen this last night, despicable. To think people have supported this charity for years and they have lied to everyone they steal from. "This money is going to help people in need". The Arms, Alcohol and Tobacco industry is not PEOPLE IN NEED!!!"
It's not a simple equation though. The investment should bring in additional money to spend on the cause. It is not giving those industries the money. However, investments can and do go wrong.
There are three prominent charitable banks/investment banks that provide ethical options but the returns are often not as large.
Plus, as Soxy points out, in a global economy it really isn't as clear cut as this is bad and this is good. |
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By *nnyMan
over a year ago
Glasgow |
"......
Also the growing of tobacco gives employment and income to families in areas of the world where few alternative options are available for the local communities to generate the sort of financial security needed to provide a life above subsistence levels…
.....
You could say the same about coca. I wonder whether tobacco or coca kills more people.
Thats very true about coca,,,,,,
We are very fortunate to live in a country where as individuals we have the luxury of making educated choice based on our sense ethical morality ..... "
As the comments above re where charities invest show, we're perhaps not as educated as we think. |
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By (user no longer on site)
over a year ago
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"If you mistrust charities to distribute or use their money correctly you can always do other things for charity. For example, I regularly donate food to a local food bank. It is directly helping people in need."
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By (user no longer on site)
over a year ago
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Although I agree with the feelings and views expressed above I am concerned that a serious programme such as Panorama does not always get all it's facts right and often uses get out terms such as 'an unamed source'. Obviously there are some truths in here that need addressing but the programme makers don't seem to give a shit about the reputational harm they cause to charities in general and the knock on affect that has on people who rely on those charities! |
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By (user no longer on site)
over a year ago
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Why are they gambling their money playing the stock market anyway, what happens if the shares they buy crash and they lose money, they would ask the public to give again!! |
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By *nnyMan
over a year ago
Glasgow |
"......
As the comments above re where charities invest show, we're perhaps not as educated as we think.
fair point... "
Remember the recent disbelief about the salaries paid to the Chief Execs of some charities? |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"Although I agree with the feelings and views expressed above I am concerned that a serious programme such as Panorama does not always get all it's facts right and often uses get out terms such as 'an unamed source'. Obviously there are some truths in here that need addressing but the programme makers don't seem to give a shit about the reputational harm they cause to charities in general and the knock on affect that has on people who rely on those charities!"
The story has been several months in the making. The edit is everything and that is what interests me: how did they choose to put the information they have together and what story did they decide to tell? |
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By (user no longer on site)
over a year ago
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"......
Also the growing of tobacco gives employment and income to families in areas of the world where few alternative options are available for the local communities to generate the sort of financial security needed to provide a life above subsistence levels…
.....
You could say the same about coca. I wonder whether tobacco or coca kills more people.
Thats very true about coca,,,,,,
We are very fortunate to live in a country where as individuals we have the luxury of making educated choice based on our sense ethical morality ..... "
and we can enjoy lots of nice big buildings, infrastructure, companies, banks from our countries previous investments in those things.
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By (user no longer on site)
over a year ago
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" Obviously there are some truths in here that need addressing but the programme makers don't seem to give a shit about the reputational harm they cause to charities in general and the knock on affect that has on people who rely on those charities!"
Yes the knock-on effect is something that concerns me too,,,
Although in this case I feel the BBC were right to raise the issue and I can only hope Comic Relief take heed of public opinion whichever way it falls now that the matter has been brought to light…
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in response to the OP's question then no is the answer..
some of these businesses have very well paid people running them in what is now an established global industry..
one would like to think that most of them have similar aims and would merge to trim their running cost's etc which may benefit the recipients..
not holding ones breath..
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By (user no longer on site)
over a year ago
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"If you mistrust charities to distribute or use their money correctly you can always do other things for charity. For example, I regularly donate food to a local food bank. It is directly helping people in need."
I haven't donated to food banks because they don't seem too fussy about who benefits from them. |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"Why are they gambling their money playing the stock market anyway, what happens if the shares they buy crash and they lose money, they would ask the public to give again!!"
You can't make the claim that every penny goes on the cause if you don't use some of it not currently being paid out to the cause to raise money to pay for the overheads. |
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"......
As the comments above re where charities invest show, we're perhaps not as educated as we think.
fair point...
Remember the recent disbelief about the salaries paid to the Chief Execs of some charities?"
The majority receive nowhere near the headline grabbing figures. Most charities are not the top 1% household names.
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By (user no longer on site)
over a year ago
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"......
As the comments above re where charities invest show, we're perhaps not as educated as we think.
fair point...
Remember the recent disbelief about the salaries paid to the Chief Execs of some charities?"
As before I don't have a problem with the salaries paid to some Chief Execs,,,,,
I would however have a problem accepting their individual judgement if it were seen that their effectiveness to operate within the best interests of the charity was being compromised by the decisions they took… |
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By *nnyMan
over a year ago
Glasgow |
"......
As the comments above re where charities invest show, we're perhaps not as educated as we think.
fair point...
Remember the recent disbelief about the salaries paid to the Chief Execs of some charities?
As before I don't have a problem with the salaries paid to some Chief Execs,,,,,
I would however have a problem accepting their individual judgement if it were seen that their effectiveness to operate within the best interests of the charity was being compromised by the decisions they took… "
I don't think anyone has a problem with the salaries paid to SOME Chief Execs. |
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By (user no longer on site)
over a year ago
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"......
As the comments above re where charities invest show, we're perhaps not as educated as we think.
fair point...
Remember the recent disbelief about the salaries paid to the Chief Execs of some charities?
As before I don't have a problem with the salaries paid to some Chief Execs,,,,,
I would however have a problem accepting their individual judgement if it were seen that their effectiveness to operate within the best interests of the charity was being compromised by the decisions they took…
I don't think anyone has a problem with the salaries paid to SOME Chief Execs."
Sorry mate I’m not familiar with the anachronism “SOME”…..
What does it stand for ?  |
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By (user no longer on site)
over a year ago
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i do wonder about charities,as they used to ask for a donation,now they tell you how much to give.one big british charity employs a company to send out cold callers,these callers then give out a lot of spewl and try to get you to sign up for a direct debit of at least 8.50 a month. |
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By (user no longer on site)
over a year ago
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I haven't seen the programme but I am a bit confused,
A, surely charities are ment to be not for profit organisations who's aim is to help whoever they are aligned to? So how can they be investing the money to make a profit?
B, if they are running as a business to make profit then why are they still asking for donations? |
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By (user no longer on site)
over a year ago
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Charities have a responsibility to use their funds wisely - that can include investments. Leaving large sums of money sitting in a bank account isn't always considered the best use of charitable funds. |
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By *nnyMan
over a year ago
Glasgow |
"I haven't seen the programme but I am a bit confused,
A, surely charities are ment to be not for profit organisations who's aim is to help whoever they are aligned to? So how can they be investing the money to make a profit?
B, if they are running as a business to make profit then why are they still asking for donations? "
Sometimes a charity can't use all the funds it has available at any one time. Sometimes it knows it has a big outgoing coming up and needs to keep funds available.
Most banks/ building societies have charitable accounts which take account of the different tax treatment for charitable money. |
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By (user no longer on site)
over a year ago
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"Well like most charities, comic relief invests its money in guns and shit.
Should it not be in their I values, not to invest their money in death??
Or does it keep the money rolling??
Surely there must be more sensible options.
Catholic church is the same.
I don't give to these people, seems all too much of a con, where probably 1% goes to the needy.
Or are charities just another excuse for more fingers in the pie.
Don't get me wrong, they do alot of good, but they must pull their shit together."
I agree, charity bosses have ridiculous salaries. It is largely a fraud that is for the upper classes. If you want to help people do something yourself, don't rely on bloated corrupt organisations to do it for you. The American cancer society was found to have bought mansions and luxury cars for its directors and a small proportion went into actual research. The money that did go into research was to drug companies who don't want to find a cure because it will render their profitable drugs redundant.
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By (user no longer on site)
over a year ago
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"There are toooooooo many charities, many doing much the same thing, many incurring the same overheads."
I'd agree with that statement.....
There's a huge potential for effective consolidation amongst many charities...
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