When does our drive for entrepreneurship go too far? the Newark New Jersey The Star-Ledger, reports here that a local for-profit retailer is purchasing used clothing en masse from local charities ( including the Lupus Foundation of America and the United War Veterans Council )" at a bulk rate" and then turns around an sells them at their retail store, keeping all the profits.
The company says say that by using the 'commercial middleman', the nonprofits have greater capacity to collect and sell their collected goods.
David Borochoff, president of the American Institute of Philanthropy, has a different take. He thinks that the folks dropping off their former finery would be far less enthusiastic about giving to a charity if they “knew only 25 percent of the value of their donation could benefit the charity.”
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