12/16/2013 11:00 AM
by Rebecca Turco
CHARLESTON - A small Bluefield charity intended to benefit Vietnam veterans spent just a fraction of dollars last year on veterans.
The West Virginia Vietnam Veterans Foundation devoted most of its money to professional fees and fundraising, according to officials. Of every dollar spent last year by the foundation, a little more than a penny actually went to veterans-related activities. The spending totaled nearly $37,700.
Charity Navigator, a national charity watchdog group, said no more than 25 percent of total expenses should be for fundraising and administrative costs combined.
Foundation representatives defended their operations, arguing that many charities give large portions of money they receive to professional solicitors.