Where Your Money Is Going
Among NDP’s top priorities is transparency, both in terms of operations and cost structure. For each fundraising activity, we will be posting a breakdown of exactly how we plan to spend the proceeds.
Boston Marathon - April 20, 2009:
Thanks to Brian McNeil and Dave Wishart, who combined to raise more than $3,000 for NDP! Costs to NDP totaled $400, which included entrants fees and uniforms. This money will be used for the down payment of our 3rd Annual Benefit, set to take place at the Liberty Hotel on September 19, 2009.
NDP has made two consecutive contributions to Water Partners (www.water.org) which in turn were used to fund water sanitation projects in Tigray, Ethiopia. In 2007, NDP contributed $4,500; in 2008, NDP’s contribution grew to $10,000. We believe we are just getting started.
Virtually all donations to NDP are used towards an NDP-sponsored project in the Horn of Africa. Our Managing Director, Jared Peterson, estimates NDP’s projected expense ratio to be less than 5% (Oxfam’s is greater than 15%). This exceptionally low number is a product of our extremely low cost base. Why are our costs so much lower than other aid groups? Besides our ultra-efficient, barebones operating structure, the main reason for this impressive stat is that everyone on NDP works pro-bono. That means nobody gets paid, not even the administrative team. This is just one of the many reasons NDP represents the next level of enlightened development projects.
Check out projects similar to those NDP plans to undertake: Exemplary Initiatives
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