Minnesota attorney general finds that less than 1 percent of donations to Kars4Kids charity goes to Minnesota kids
Minnesota Attorney General Lori Swanson is taking aim at Kars4Kids, a New Jersey charity that spent less than 1 percent of the $3 million it raised from Minnesota donors on programs in the state.
The charity, one of the largest vehicle donation charities in the country and perhaps best known for its radio jingle, solicits vehicles from donors and raises money by selling and scrapping them.
But according to a compliance review issued Thursday by Swanson’s office, Kars4Kids spent just $11,600 on charitable programs for Minnesota residents from 2012 to 2014.
We were discussing earlier with thecryptofiend about charities that would use the blockchain technology for them to function more efficiently than any currently existing ones. In a world with increased use of technology and internet connection more and more people all over the world are getting access to "internet money" even though their situation and location doesn't let them or make it easy for them to have a bank account.
The unbanked will in my opinion be a big factor in the blockchain technologies usability because of its non-existing transaction costs (not looking at you, bitcoin...) and for them to have a place where they can store their value safely and don't have to trust companies or middle-men except for the code and their private keys.
This will make it easier for people to trust these charities again. There are as many frauds in the current ones as ponzi-schemes all over the internet.
There was a post that I was excited about that could've gotten this started in a small and good way, it was called Steem-A-Dream but unfortunately nothing happened with the project.
What would the community think about reviving it now? We as a community could come up with a great charitable cause and use the voting mechanism for which one we should focus on first. There are plenty of ideas and ways we could get that going and I would love to start a discussion between members who already are aware of the technical advantages our platform gives and newcomers could have some good ideas and causes to suggest.
Let me know your thoughts about this.