Giving Tuesday and Ponzi Schemes - Prostate Cancer C...

Prostate Cancer Caregivers

463 members135 posts

Giving Tuesday and Ponzi Schemes

Darryl profile image

Soon, everyone in the USA is going to get "Giving Tuesday" requests for donations. Malecare will not be sending you such a request. While we are in dire need of donations, I think local hospitals and food banks have a more acute need. If you can afford to donate to multiple organizations, then, yes, please help Malecare with a donation at .

ALSO, please beware of organizations promoting "matching funds."

Last year, Malecare received a wonderfully generous donation for a matching fund. (Thank you!). From that, I know how hard it is to develop and manage matching funds. And, how easy it can be to cheat the public. There are Ponzi style schemes where a nonprofit might be matching dollar A, which then becomes a match for dollar B, which then becomes a match for dollar C. Another method is to create a matching fund for May with money previously donated in April. So, if a nonprofit says they have a matching fund, ask them who or what is doing the matching and if this is new money or recycled from previous donations.