St. Jude Hoards Billions
Only about half of the $7.3 billion St. Jude has received in contributions in the past five fiscal years went to the hospital’s research and caring for patients, according to its financial filings with the Internal Revenue Service. About 30% covered the cost of its fundraising operations, and the remaining 20%, or $1 of every $5 donated, increased its reserve fund... More here.
Interesting research and I am not 100% clear regarding the rights and wrongs of this. Must say I wasn't surprised by the article though.