As the state grapples with moving forward after another tragedy, the latest in Colorado Springs, questions are being raised about how donations are collected and distributed to those most impacted. via CB_Cotton
Survivors of mass shootings in Orlando and Las Vegas held a press conference on Sunday, calling for 100% of donations collected by the Colorado Healing Fund to go towards survivors and victims' families of the Club Q shooting. The nonprofit has served as the state's primary donation center for those impacted by mass casualty incidents."We have one message: give the Club Q victims 100% of the funds donated to them.
"Once you're bringing in, you know, over $50,000 a year, you really need to start having bookkeepers, tax preparers, and, you know, just spending money on either staff or even consultants or contractors," said Cara Lawrence, a partner at Tierney Lawrence LLC who specializes in working with tax-exempt organizations across the state. The Colorado Healing Fund is not one of them.
The attorney explained that smaller nonprofits and those with fewer overhead costs are able to forego administrative fees. Nonetheless, charities that have them remain"highly rated" if the costs are kept below 25%, Lawrence said.
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