I know I’ve posted this before, but I think it bears repeating. The 5% distribution requirement for charities is mandated by the IRS (Internal Revenue Service) and has nothing to do with the fact that the charitable foundation is formed under Delaware law. See, e.g.,
https://www.sapling.com/8069385/distribution-requirements-501c3-charities. There are other reasons companies register as Delaware corporations, such as the fact that they have their own chancery courts that deal with corporate disputes, but the charitable distribution requirement comes from the federal IRS regulations.
One of my issues with the Harkles’ foundation is the fact that their website asks people to submit inspiring personal stories or some such BS, but states that anyone submitting a story gives up their rights to said story. So essentially they are grifting for ideas since they can’t come up with any on their own.
Good info.
If I donate to charity I want as much money as possible to go to the actual cause.
Not in "expenses" to Horrid Harkles.
So I give to ones where I know they don't pay mega high wages to their personnel.
I will never donate to archewell.
I have bought from Abe books previously, too.
I love Abe.
Back before interweb I had to send a letter to a little book store who offered a booksearch service for out of print books.
They advertised this service in newspaper supplements and magazines.
You had to send them a letter giving as much info as you could about the book you wanted and enclose a stamped addressed envelope.
They would somehow search worldwide and write back to you ( using the stamped addressed envelope you had sent.)
If they hadn't found it after 6 months they stopped searching.
If they found it they sent you details and you either sent them a cheque or paid by card over the phone.
When Abe books came along, I could do my own search.
I've had loads from the USA and found one precious book in Aus.
Harkles can't seem to run anything and make a success of it.
They are the common denominator. They are the problem.