Bank of America Discussion Boa Essay

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Top among them were reduction in administrative costs, better self reporting for the impact of the gifts, more financial security within the organization, and a positive return on the investment among others. These all contribute to a positive mind-set in regards to high net-worth contributors.

It has been stated the larger charitable organization such as "toys for Tots" and the MD foundation have bloated administrative costs that consume more that 50% of the donations before it ever reaches its intended recipient.

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Charities would do well to assure that their administrative costs are in order as well as their back office and financial management. High net-worth donors usually have a keen eye for well run organizations and as espoused by this report, is a key factor in their desire to commit resources to any institution......

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