The Washington Times

Topic - And Youth Investment Trust

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  • LETTER TO THE EDITOR: Nonprofit can’t list accurate expenditures

    The recent article "DC nonprofit can't say how it spent $25M" (Web, Wednesday) is misleading and fails to adequately address the transformation taking place at the DC Children and Youth Investment Trust. Rest assured that once the comprehensive audit currently underway at the Trust is complete, we will gladly state to the penny how the funds for fiscal year 2010 were allocated. Only then can we file a complete and accurate 990 with the Internal Revenue Service. We will also continue the practice of including on our website the names of every grantee that receives funding from us.

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