Many of you give to charities that help veterans - but a new study shows a large chunk of your donation may not make it to those who need it most.
Eight veterans charities , including some of the largest, gave less than a third of the money collected to the people it claimed to help. This, according to the Washington Post.
One group gave only a penny for every dollar raised. Another paid its founder and his wife $540,000 in salary and benefits. The American Institute of Philanthropy found 20 of 29 military charities studied were paying high overhead costs-- including the Military Order of the Purple Heart Service Foundation, and the Amvets National Service Foundation.
Some charities defended the high overhead costs saying fundraising costs can be expensive--and it's not illegal.
But, the Better Business Bureau says overhead should not exceed 35 percent of total contributions, according to its standards. So check out a charity before you give.
