NKF reserves
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Perhaps the plan was to entice the public to donate more.. since with increased donations, the donor gets to stand a higher chance of winning..Originally posted by Othello_Red:put it this way...i understand the need for reserves, saving for that stormy day, or week for that matter, and concerning reserves, the more the merrier. but, what i feel the public is upset about isn't really the reserves, its the transparency, and the use of funds.
for years now, i've always wondered. in those annual shows, wouldn't it be better to simply donate the amount of money spent on prizes directly to the foundation, instead of using them as gifts in lucky draws? in that case, simple economics would lead you to wonder just how much of your donation dollar actually ends up doing the intented deed. i mean, the cost of production is not cheap, add that to the cost of the prizes, and all the rest of the overheads? i guess you all know what i'm driving at.
i believe it would be good for the average man-on-the-street to be able to at least know how much of his money is reaching the patients, and how much is spent on overheads. also, as for the salary issue, this may be non-profit, but i still believe in paying as well as possible. it's an added incentive to the workers, and so if we can afford to, lets pay them well as a way of saying thank you for the things that they're doing, and for the sacrifices they make, and you don't get to see. nothing over-the-top, but at least average, or better still, better than average. we tend to have an out-of-sight-out-of-mind mentality...lets change that.
its like TOTO, singapore pools will never go bankrupt because the payout will definitely be much lesser than the amount in bets
Of course this is great if the money actually goes into helping the dialysis patients... but now you get things like lying on figures, extragavance of the CEO... thats where the meaning is lost -
Everybody agrees that it is good to have reserve.Originally posted by ah_suaiz:my point is, no doubt there are a lot of money for reserve, it is best not to touch them. and how not to touch them? the active account needs to has sufficient amount to help the patients. and the only way to do it is to keep donating.
However, bear in mind that there are many other charity orgs that don't have enough funds NOW to help their patients. Should we leave these donations that were meant to help the needy in the bank for rainy days, or should we use it NOW for the people that are currently suffering in the "flood" ?? -
GOV will never agreed since it sending ppl in now.Originally posted by fondue:Everybody agrees that it is good to have reserve.
However, bear in mind that there are many other charity orgs that don't have enough funds NOW to help their patients. Should we leave these donations that were meant to help the needy in the bank for rainy days, or should we use it NOW for the people that are currently suffering in the "flood" ??
Look back what OTC wanted to do back when SG was in bad shape. -
I echo what fondue has said. There are many kidney patients out there who are not beneficiary of NKF, who needs financial assistance NOW, and who would be very happy to receive our donations. NKF does not give to all kidney patients.
If you care enough, go donate to KDF. They have more efficient use of your money than NKF.
Until Mr Khaw restructures NKF and address the issue of the reserves and admin costs, I'm not giving a cent to NKF. -
Btw, all NKF patients should move over to KDF
I dont like NKF using their patients as hostages..... -
this is what i feel the government should do:
suspend all charity drives in singapore.
distribute the bulk of the reserves among other needy charities.
leave a 'reasonable' amount in nkf as their reserves.
once everything is in proper the suspension of charity drives should then be lifted. -
They should have just 1 organisation... n in that organisation, hav branches.. 1 for kidney, 1 for cancer, 1 for kids, 1 for needy singaporeans etc...
n if ppl wanna donate to a specific branch, that can be done. just send the cheque etc to that branch..
others just send the cheque to that organisation
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The reserves is huge, enough to last time for long long time.
Don't forget they earn interest.
They should be concentrating on cutting cost- get rid of the aquariums, expensive fixtures that require high maintenance, reduce unnecessary manpower, cut bonuses, cancel car maintenance/perks for top execs, stop printing leaflets etc. -
Move over Together with the Funds.Originally posted by laurence82:Btw, all NKF patients should move over to KDF
I dont like NKF using their patients as hostages.....
KDF deserves better.