Money Buzz 04/05
Dotcom benefits for charity, VC investments and more
Give Some Time Before Giving a Dime
In a giving mood? Charitable donations have come a long way since 9/11, as relief efforts increasingly rely on technology to raise funds and ensure that donations are used appropriately.
"The Red Cross had a bit of a black eye coming out of 9/11 because so much money flowed in, and it wasn't all carefully managed," explains Charles Cumbaa, executive vice president of Blackbaud, a Charleston, South Carolina-based IT firm that has worked with more than 12,500 nonprofits. He explains that 9/11 was the first time online donations comprised a significant amount of the total funds raised for a relief effort. "But they've changed internal processes and technology to ensure that doesn't happen again."
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