This morning Chinese news just announced that the country will put most activities on hold for three days to mourn for the huge losses in the earthquake in the southwestern region.
To find out more about the earthquake, check the following links:
** CCTV News Update (Magnitude of SW China earthquake revised to 8.0)
**Full Coverage from Yahoo
**NY Time Report
**MSN News
**Wikipedia
**China-quake.com
While making donations, both my wife and I started to look seriously on the overhead or charitable efficiencies of various organizations. It is surprising to see that many of the organizations we checked, they don't have the actual efficiency/overhead number of organization readily available from their website. There are some useful information from Charity Watch and Charity Navigator but the information is far from complete and is not very accessible.
We have put out faith in the organization sponsored by some alumni: Tsinghua Foundation, which claims to forward 100% of the donation money to China Red Cross. However, I heard rumors that the overhead of China Red Cross is over 30%, I have not been able to confirm this number from any official sources, but just hope that it is a real rumor instead of a fact.
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