When You’re Trying to Make it Count
Even in the insane economic climate, many are still digging deep in their pockets to make contributions to the many organizations that provide a number of services for our military. These organizations stand ready to provide money to active and retired military personnel for any number of reasons, including educational purposes, living expenses, emergency cash for family members in the States and any number of other
purposes. We’ve long since known the financial struggles of those who leave well-paying careers to serve their country in times of war or unrest. We trust these organizations to ensure money is distributed when needed. Unfortunately, one of the country’s largest organizations has fell way short in both its purpose and its promises.
An Associated Press investigation revealed Army Emergency Relief has not only hoarded millions of dollars, but has shown that 90% of the monies that are released are done so as loans. This means this charity makes a profit on donations made by you and me. Actually, when you think about it, they’re making money from both ends. By keeping the money in the bank, they’re earning interest on it and then, when it’s released in the form of a loan to military personnel, they’re making money on the interest the soldiers must repay. Sounds a bit illegal, yes? At the very least, it’s improper, tacky and will make it difficult for the rest of the credible organizations to continue their efforts.
What’s more, this “charity” is actually defending its practice by saying its guidelines ensure the strength of the organization as a whole. I guess $117 million in reserves would ensure the strength of many organizations, especially when only $64 million was released, with the vast majority being released only when promised to be paid back - with interest! Colonel Ed Manning defends the charity and says he’s surprised anyone is questioning the guidelines.
As if this isn’t insulting enough, the same military personnel this group is supposed to be serving are the very ones who are “strongly encouraged” to contribute. This is one cycle that ends at the same place and from all directions.
Right now, there aren’t any legal ramifications in the making, or at least, none that are being publicized. The group is busy being incredulous and is insisting they’ve done nothing wrong. Other organizations have stepped forward with their own media releases and insist AER has made it difficult them to convince contributors that not all charities follow these same questionable guidelines.
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