$500K CEO salary, $26 MIL on conferences, staff meetings and 5-star hotels… while homeless veterans are left to die in the streets.
Since 2009, Fred and Dianne Kane have raised $325,000 for the Wounded Warriors Project, through golf tournaments they host in the Carolinas. They have two sons serving in Iraq, and they were on a mission to help wounded vets. Now, after discovering that barely half of the donations actually go to help the vets, they are calling for the resignation or firing of WWP CEO Steven Nardizzi and have cancelled this year’s benefit tournament.
[pullquote align=”left” cite=”” link=”” color=”” class=”” size=””]Related News: Wounded Warriors on Charity Watch List[/pullquote]
CBS reports that Fred Kane is only one of several major donors who are ending their support, and he wants answers from the group’s board of directors.
In 2014, Nardizzi’s annual salary was almost $496,415. Sources also said the board has spent donor dollars on its own meetings at five-star hotels including the Beverly Wilshire in Los Angeles and the Waldorf Astoria in New York.
Wounded Warrior Project’s tax forms show spending on conferences and staff meetings grew to $26 million by 2014. But the charity insists those expenditures qualify as programs and services. When board members questioned spending decisions and executive salaries, their concerns were ignored. In 2015, WWP gave $150,000 to a group that defends higher spending on overhead. (Via CBS News)
Meanwhile, a homeless tent camp in San Francisco was recently moved out from under the freeway, leaving destitute people wondering where to go next. Possibly many of them veterans as well.
Sign up to get breaking news alerts from Dennis Michael Lynch.
The Battle for Silicon Valley – USA vs. China