just saw them at a deli in Middlesex County two towns from New Brunswick.
Good for them
Good for them
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State Penn Thon out canning today
- Thread starter Local Shill
- Start date
Yeah, except that nobody knows what they do with the money.
Thon turns over all of its collections (96%, anyway) to the Four Diamonds Fund - annually, between $12 and $14 million.
The Fund, which is affiliated with the PSU med centers, is intended to directly benefit patients and families, i.e. cover the uninsured costs of pediatric cancer patients.
Approximately 5% of the total is used for that purpose. None of the affiliated organizations - Thon, Four Diamonds or PSU - will disclose where the rest of the money goes.
Because both charitable organizations operate under the umbrella of the university they are not required to file a Form 990.
Thon turns over all of its collections (96%, anyway) to the Four Diamonds Fund - annually, between $12 and $14 million.
The Fund, which is affiliated with the PSU med centers, is intended to directly benefit patients and families, i.e. cover the uninsured costs of pediatric cancer patients.
Approximately 5% of the total is used for that purpose. None of the affiliated organizations - Thon, Four Diamonds or PSU - will disclose where the rest of the money goes.
Because both charitable organizations operate under the umbrella of the university they are not required to file a Form 990.
Yes they do disclose the information. Just because you can't do a simple google search and find the answer doesn't mean it doesn't exist.
SUMMARY OF SOURCES AND USES OF FUNDS
Philanthropic Gifts by source
THON $10,262,256 60%
Mini-THON $5,497,215 32%
Special Events/Other Gifts $1,252,615 7%
Honor/Memorial Gifts $103,512 1%
Bequests $10,100 0%
Total Fundraising $17,125,698
USES OF FUNDS
Patient Care and Family Support
Patient/Family Support $715,097
Patient Care Providers $2,494,688
Research
Research Institute $320,841
Research Grants $884,604
Research Support $3,429,093
Investment in Research Endowments
Epigenetics $4,000,000
Millard Endowment $600,000
Administrative Expenses $1,651,109
TOTAL USES OF FUNDS $14,095,432
http://www.fourdiamonds.org/_fourdiamonds/assets/File/FY16 Financials.pdf
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That's not a full disclosure. But, ya know... good luck with that Penn State diploma.
So not it not a full disclosure. First it was they don't say where the m goes to. Can you stick to one story? What level of detail do u want?
Saw them in Wyckoff (Bergen county too).
Do they can NJ better then RU dance marathon?
https://www.google.com/amp/s/articl...ance_marathon_raises_1m_for_the_first_tim.amp
Do they can NJ better then RU dance marathon?
https://www.google.com/amp/s/articl...ance_marathon_raises_1m_for_the_first_tim.amp
I want a Form 990, just like every other charity files. I want to see opening balances, closing balances, cash on hand, distributions, compensation, investments, etc.
The 2 page flyer they hand out explains nothing at all. I would never - NEVER - donate charitable dollars to an organization that intentionally obscures its finances.
What the hell is "Research Support", and why does it require $3.43 million dollars?
And they say they raised $17.1 million, but show how $14.1 million is used.
What about the other $3 million that they don'e even try to explain?
It's not about $3 million in one year. It's about $3 million every year.
Since 2008 they've skimmed $45 million that's completely unaccounted for. Since they don't file any form of full financial disclosure, that money is essentially gone as far as the donors are concerned.
Instead of giving money to a morally bankrupt cult, donate it to my other worthy organization.
I think it's more than that, especially when you look at breakdowns like:
Research Institute $320,841
Research Grants $884,604
Research Support $3,429,093
where $1.2 million is going to research, and nearly three times that to "research support." 3X?
Shady to say the least.
Just gave them a buck at the Saddle Brook/Pompton Lakes game.
I need a place to drop off those Canadian coins that I somehow acquire from time to time.
I do feel like I need a shower now. Though maybe that's because I'm sitting on metal bleachers in 90 degree heat.
Is the money being used to party off witnesses against joepa? Wouldnt surprise me if true.
Yep. Be above board, file the damn form.
I know. Stunning, isn't it?
They do...it filed under Penn State’s reporting. I know it a difficult concept for some but it a find within the university. Does Rutger athletic department file a 990? It the same reason. Is Rutgers athletics not above board?
You're a special kind of stupid, aren't you? It's not even remotely the same.
Unless you're suggesting that PSU is diverting Thon donations to the athletic department. Which wouldn't surprise me.
There are plenty of worthwhile chartities to donate to, and I have given to them.
None of it will ever go through state penn.
None of it will ever go through state penn.
Direct support, yes. The rest of the patient support funding is "indirect", i.e. it pays "care providers", also known as PSU Health. The non-patient funding is allocated to the aforementioned administrative / research stuff. And, of course, 20-25% of the overall total is getting paper-bagged.
What's really peculiar is the existence of the whole "Four Diamonds" middleman. Thon is a student-run charitable organization which collects money from donors and gives 96% of it to Four Diamonds. The **only** purpose of Four Diamonds is to take that money, clip 9% off the top and give the rest to PSU Health.
So... to paraphrase The Bobs... Why doesn't Thon just give the money directly to PSU Health? What does Four Diamonds do here?
Regardless, what's amazing is how much money they raise and especially how they cover NJ. Unfortunately we don't see the same NJ coverage by Rutgers students when the do the cancer marathon or other worthwhile charity events. Come on Rutgers students learn from a group that is scooping you right in our own backyard.
For information sakes but does any Rutgers organization file a 990 for the Dance Marathon or related events. While I am unfamiliar with this but there are forms required for charities. I know if you are a 501c3 you must file a report annually etc.
For information sakes but does any Rutgers organization file a 990 for the Dance Marathon or related events. While I am unfamiliar with this but there are forms required for charities. I know if you are a 501c3 you must file a report annually etc.
It's an impressive fund raising feat, for certain. But, once again, we have a scenario where people on the ground trying to do good are being taken advantage of by the institution that is Penn State.
FWIW, none of these university-affiliated charities are required to file a 990 because they're not organized under 501. Because they're part of the university, they're organized under section 170, "government entity". 170 (c) (1) groups are not required to file.
So the above poster is correct. Only 5% of the funds go directly to patient/family care and support, which is the ostensible reason for the campaign. Most of it goes to PSU research funds. If a NJ resident wants to donate for cancer research there are actual NCI Comprehensive Cancer Centers in New Brunswick, NYC and Philly to which they should be donating rather than an undistinguished 4th tier medical center in Hershey.
https://en.wikipedia.org/wiki/NCI-designated_Cancer_Center#Comprehensive_cancer_centers
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Counteract the fundraising for Thon and lack of NJ Pride/ Rutgers Pride by donating to RUDM 2018. I had a couple posters donate to me last year in support and would love to get more involved. Any amount helps! And if you'd like a breakdown of how the money raised is used I can do that as well!
Donate http://give.embracekids.org/site/TR/RutgersDanceMarathon/RUDM?px=1005590&pg=personal&fr_id=1210
Thank you in advance to anyone who donates
Donate http://give.embracekids.org/site/TR/RutgersDanceMarathon/RUDM?px=1005590&pg=personal&fr_id=1210
Thank you in advance to anyone who donates
I thought PSU stopped canning (or stopped encouraging it) because of this. Town next door to me banned soliciting at stop lights, THON canners were the biggest reason.
http://www.nydailynews.com/news/nat...a-turnpike-wreck-fundraiser-article-1.2376678
http://www.nydailynews.com/news/nat...a-turnpike-wreck-fundraiser-article-1.2376678
Ow I feel like a total fool for giving them $$$ outside a bagel place in Tenafly. Won’t make that mistake again
More than double what goes to families goes to administrative support? Does making out that flyer cost that much?
And none of it goes to NJ kids.. so why let them can in NJ?
Ironically, the reason that Four Diamonds gave to the press re: not producing a full financial disclosure was "it costs too much to print".
IIRC.. the number they give now are much better than they have been in the past.. but this is still largely just Penn State using kids to fund their own professors doing research... if they were top researchers in the field of pediatric cancer maybe they'd have an argument.. but they are not.
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