- The Washington Times - Thursday, January 21, 2010

ANALYSIS/OPINION:

Arianna Huffington’s “move your money” idea, promoted Dec. 29 on the Huffington Post, is brilliant. It urges us to move funds from the “too big to fail” banks into community banks in an effort to stimulate local lending, job growth and neighborhood services.

Stronger communities result in stronger cities, states and countries. In fact, they are the foundation of the solid edifice we call the United States. The ancillary benefit is to remove the means from the hands of those motivated by greed, ego and selfishness who feed their narcissism at the expense of ordinary people. Essentially, this would eliminate a black hole, where resources go in and nothing comes out.

The nonprofit world can learn a lot from Mrs. Huffington’s idea. A lot of money is held by and donated to charities. There are illegitimate institutions that scam empathetic citizens for cash, and there also are real charities that raise funds to pay the costs of making more money. Services, however, are not funneled back to the expected recipients. The street is one way and ends in the same black hole.

Two entities in the animal welfare business, one in New York and one in Washington, can be used to illustrate this point. Each shamelessly markets nationally, hopeful that uninformed donors will think their funds will help in their respective ZIP codes. Not so. The sad reality is that sending funds under such false impressions simply enables these entities to buy more television ads and does nothing to help homeless and abused animals locally.

Numerous other local charities are eclipsed by “national” corporations, even some that have been shuttered in recent years, with the attending result of leaving the needy in need.

The solution is to move your money to local charities. The resources, new jobs, services and aid to victims will boost the local economy, thus strengthening the community’s ability to thrive. As an auxiliary benefit, one can visit the charity and see and participate in the work rather than relying on the appearance of a Web site or glossy media appeal. Charity begins at home. It is only when we stand strong that we can lift another. Thank you, Arianna Huffington.

MADELINE BERNSTEIN

President

Society for the Prevention of Cruelty to Animals

Los Angeles

LOAD COMMENTS ()

 

Click to Read More

Click to Hide