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The American Red Cross > Is The Red Cross Effective?

From: dorianad...@comcast.net - view profile
Date: Tues, Jan 1 2008 7:12 pm
Email: dorianad...@comcast.net
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Sean, this is a great topic for debate.  You've probably checked out
GiveWell.net, which studies charities in particular fields and ranks
them on their effectiveness. Founded by two hedge-fund analysts,
GiveWell applies business techniques in evaluating the nonprofits
within specific categories. But the question of whether one should
rank charities - and thus discourage people involved with the ones
that don't rank at the top but do great work nevertheless - is a
philosophical one. The New York Times wrote a balanced and thoughtful
piece - http://www.nytimes.com/2007/12/20/us/20charity.html - on this
subject and on GiveWell in particular.
Dorian Adams (www.JustCauseIt.com - the social-networking website for
the greater good)
sstannard-stock...@ensemblecapital.com wrote:
> Thanks so much for jumping into the conversation. I'm not asking you
> to choose anything. I'm just asking how the Red Cross tracks whether
> you're doing a good job.

> For example, at my firm, Ensemble Capital Management we look at hard
> numbers like revenue growth, assets under management and assets per
> client. We also look at softer measures like visibility in the media
> and online, depth of relationships with referral sources, and client
> satisfaction. You can put good numbers on the first set, but not on
> the second.

> All I'm asking the Red Cross is how do you know if you are doing a
> good job? What do you track? And how do you compare yourself? For
> instance, what if I asked you why my money could do more good by
> donating it to you than donating it to another similar organization or
> even to FEMA? If an investor or prospective client asked me why I
> thought that Ensemble was a better investment or firm to hire than our
> competitors, I could speak to the issue for hours, citing both hard
> data and soft qualities. I'm just asking the Red Cross the same
> question.


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