Republican Scott Stone is not only running for mayor in the Queen City, he’s also the founder and Chairman of the Board of Directors of the non-profit charity North Carolina Heroes Fund for military families in need.
Stone is also facing scrutiny from the Tar Heel state’s Democratic Party for how exactly how donations have been spent since inception.
According to the three most recent IRS filings, from 2007 till 2009, roughly 30% of what the the fund raised was granted to military families. $129,697 was brought in and slightly under $40,000 was distributed.
As cited by the Charlotte Observer, NC Democratic Party spokesman, Walton Robinson stated in a prepared statement;
“The issues surrounding Scott Stone’s charity raise some troubling questions about his ability to be a good steward of taxpayer dollars. When (most) of the money…goes to expenses other than the stated purpose of helping military families, there is something seriously wrong.”
Stone claims that his Democratic opponent, incumbent Charlotte mayor Anthony Foxx has had his campaign plant the story.
The Charlotte Observer has reported that the Foxx campaign spokesman Michael Halle declined comment Friday.
Stone Defends His Stewardship…
Stone has acknowledged the disparity, and cites that not only has the percentage of grants risen to 53%, but points out the age-old business adage that if you want to make money, you have to spend money.
“The challenge has been as we’ve tried to grow the organization right in the middle of the recession,” The GOP candidate stated. “And as the recession has dragged on, it’s been harder and harder to raise money. At the end of the day, we would like to give more to our military families. We’re striving to give as much as we can.”
Stone has held black-tie affairs, and has pointed out the obvious to the state’s Dems when he was quoted with;
“You can’t give away money if nobody even knows you exist.”
The Objective Outlook…
According to Jane Kendall, President of the N.C. Center for Non-Profits;
“It’s not unusual for administrative or fundraising costs to be much higher in the first four to five years. It takes money to raise money and it takes more in the beginning than later.”
Kendall went on to say that the Better Business Bureau standard is 65% of a charity’s money going to those it was intended for.
She went on to state that almost all non-profits have a hard time raising money in the recession.
Kendall also stated;
“Given the nature of (Stone’s group) it seems reasonable to me that soon, like this year, they might be able to reach the 65%.”
If you agree with this article, please forward it to family and friends.
Please click on the “SUBSCRIBE” button above to receive e-mail updates whenever new articles are published.
To become a writer for knotmove.com, please click here – http://exm.nr/ltys4F – No experience necessary, just a desire to write!