Here are excerpts from Daniel Borochoff (President, American Institute of Philanthropy) testimony before the House Committee on Oversight and Government Reform Hearing on Veterans Charities (December 13, 2007) and a summary of AIP findings.
You can view entire report at the American Institute for Philanthropy website.
The American Institute of Philanthropy (AIP), a leading charity watchdog and information resource dedicated to helping its members and the general public make wise giving decisions, issued a report card this month for 29 veterans and military charities. Letter grades were based largely on the charities' fundraising costs and the percentage of money raised that was spent on charitable activities. Since 1993 AIP has been "America's toughest and most independent watchdog of the accountability, finances, governance and promotional practices of charities". The charities and grades assigned are listed below:
Air Force Aid Society (A+)
Army Emergency Relief (A+)
Armed Services YMCA of the USA (A-)
Fisher House Foundation (A+)
Intrepid Fallen Heroes Fund (A+)
National Military Family Association (A)
Navy-Marine Corps Relief Society (A+)
USO (United Service Organization) (C+)
Veterans of Foreign Wars and foundation (C-)
Blinded Veterans Association (D)
Disabled American Veterans (D)
National Vietnam Veterans Committee (D)
Soldiers' Angels (D)
United Spinal Association's Wounded Warrior Project (D)
Veterans of the Vietnam War & the Veterans Coalition (D)
Vietnam Veterans Memorial Fund (D)
World War II Veterans Committee (D)
American Ex-Prisoners of War Service Foundation (F)
American Veterans Coalition (F)
American Veterans Relief Foundation (F)
AMVETS National Service Foundation (F)
Disabled Veterans Association (F)
Freedom Alliance (F)
Help Hospitalized Veterans/Coalition to Salute America's Heroes (F)
Military Order of the Purple Heart Service Foundation (F)
National Veterans Services Fund (F)
NCOA National Defense Foundation (F)
Paralyzed Veterans of America (F)
VietNow National Headquarters (F)
"AIP strongly believes that our brave veterans, as well as the intentions of donors who sincerely want to help them, are being dishonored by poorly rated veterans charities. Too little of America's donated dollars given in the name of veterans are actually benefiting veterans. AIP encourages the public to support accountable veterans charities that raise money efficiently and spend a high percentage of their budget on bona-fide charitable programs that substantially assist veterans. We would also like to see Congress, the IRS and the states create and enforce rules that motivate veterans groups and other charities to better fulfill their important missions."
Visit the Iraq & Afghanistan Veterans of America website.