John Edwards' 'Convenient' Nonprofit Poverty Center
(Fox News) - A news magazine suggests that Democratic presidential candidate John Edwards' nonprofit poverty center at the University of North Carolina may have done more to help his campaign than it did for the poor.
Business Week reports that Edwards' Center for Promise and Opportunity "became a perch for several once and future Edwards staff members," calling that arrangement "convenient."
While top non-profits try to keep administrative costs to about 14 percent, the Edwards center spent 70 percent of the money it raised on administrative costs — including $259,000 dollars out of $1.3 million raised in 2005 just for consultants.
The Edwards campaign defends the center, saying, "John Edwards and everyone involved is proud of the organization's work."
Business Week reports that Edwards' Center for Promise and Opportunity "became a perch for several once and future Edwards staff members," calling that arrangement "convenient."
While top non-profits try to keep administrative costs to about 14 percent, the Edwards center spent 70 percent of the money it raised on administrative costs — including $259,000 dollars out of $1.3 million raised in 2005 just for consultants.
The Edwards campaign defends the center, saying, "John Edwards and everyone involved is proud of the organization's work."
posted by BP News Bureau | 8:19 AM
1 Comments:
John Edwards is such a fraud... For every dollar his center raised, 70 cents went to pay for administrative costs.
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