Sunday, February 22, 2009

Top Army Charity Gets 'F' for "Hoarding"

The Associated Press probed the Army Emergency Relief fund charged with helping our soldiers returning from Iraq & Afghanistan. The results are ugly:

Most charity watchdogs view 1-to-3 years of reserves as prudent, with more than that considered hoarding. Yet the American Institute of Philanthropy says AER holds enough reserves to last about 12 years at its current level of aid.

Daniel Borochoff, president of the American Institute of Philanthropy, said that AER collects money "very efficiently. What the shame is, is they're not doing more with it."

We're chest-deep in the worst financial crisis ever to face our nation. It's having a disproportionately negative affect on our veterans. What is the AER doing? Saving up for 2021. Fuck!

Oh and the AP also found coercion, banned incentives, promotions canceled or delayed if AER loans are not repaid and other heavy-handed tactics in play. Now this is not nearly as bad as the deeply embarrassing VA/Walter Reed fandango. But I'm nonetheless sickened the folks we trust to take care of our service men & women let them down once again.


**Update: Here's the AP story.