Lending Club Blog

Knowing Where Your Charitable Contributions Go

In this season of giving, many people make charitable gifts. To ensure that your charitable contribution is as meaningful as possible, it’s important to know where your contribution actually goes.

In most cases, only a portion of your gift will go to the actual intended recipients or charitable purposes. All organizations have overhead and operating expenses, so it should come as no surprise that a portion of your donation goes towards these costs. What you may find alarming is the percentage of donations that go to these costs.

Gerri Willis of CNN urges donors to ensure that they only contribute to charities that use at least 75% of their budgets for their stated mission. The Better Business Bureau uses 65% as its standard when reviewing charities.

Some charities that claim to support Veterans were in the news recently when it was discovered that they give less than a third of their donations to charity.

In other cases, retailers may urge you to purchase items for which a portion of the sale goes to charity. This common practice has also faced increased scrutiny. The problem here is that it’s rarely disclosed what percentage of the sale will go to the charity. In some instances, the supported charities aren’t even aware they are part of these marketing campaigns.

Wherever you make contributions, you should have basic visibility into how the funds are being used. While you won’t necessarily get a detailed accounting of how your individual charitable contributions are used, we at Lending Club remind you that you should at least know the percentage of your donation that will actually be applied to the charitable cause. If you can’t easily determine this number from the provided literature, then your donation would likely be put to better use at an alternate charity.

Friday, December 28th, 2007 at 6:20 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Read More »
October 6, 2015

Congratulations, Carrie! Named 2015 Financial Woman of the Year by The Financial Women of San Francisco

Read More »
October 5, 2015

Congratulations to Carrie Dolan – Named one of American Banker’s 2015 Most Powerful Women in Finance

Read More »
September 22, 2015

Welcome Nebraska, Kansas, and Indiana Investors!

We recently welcomed residents of Nebraska, Kansas, and Indiana… Read More »
September 21, 2015

Lending Club Job Spotlight: Technology & Member Support

Our Technology team develops and… Read More »
September 14, 2015

What $11 Billion Can Do

In celebration of surpassing $11 billion in loans and… Read More »
September 3, 2015

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015

Renaud Talks Marketplace Lending on Jo Ann Barefoot’s Podcast

This week, CEO Renaud Laplanche… Read More »
June 24, 2015

Lending Club Teams Up with Sam’s Club to Deliver Small Business Financing

Read More »
June 8, 2015

New Lending Club TV Commercial Makes its Debut!

Last week we began testing a new TV commercial showcasing… Read More »
May 26, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w