Of the funds raised in any particular year, how much will be used to cover administration and other expenses?
One of the ProsperityTM Fund’s key principles is to ensure that fundraising and administration costs will be minimized so that the majority of the dollars raised will flow into the Fund and not cover costs. We will strive to ensure that all costs incurred will be covered by sponsorship dollars, so that individual and corporate donations will flow directly into the Fund and tax deductibility of such donations is maintained. In addition, we will strive to ensure that no more than 15% of total dollars raised in any particular year will be used to cover costs. This metric will be tracked and reported on an annual basis.
