Home | Business News | Browse by Publication | D | Daily Herald (Arlington Heights, IL)

Rich charity, poor charity The Salvation Army just got at least a $1.5 billion bequest. Struggling current programs won't see a dime of it.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 29-FEB-04 		Format: Online - approximately 1226 words
Delivery: Immediate Online Access
Full Article Title: Rich charity, poor charity The Salvation Army just got at least a $1.5 billion bequest. Struggling current programs won't see a dime of it.(News)

Article Excerpt
Byline: Dave Orrick Daily Herald Staff Writer

Even the homeless bring it up.

"You've got all that money from the Kroc foundation. Why isn't there more food?" they ask Jim Bracey nearly every night as the Salvation Army worker brings meals to the homeless in parks and under viaducts of Chicago's South and Southwest sides.

But the $1.5 billion to $2 billion super-sized bequest - no one knows the value yet for sure - to the charity by the estate of late McDonald's heiress Joan Kroc won't do anything for Bracey's tired fleet of three cargo vans as it faces the highest demand for food in years.

Nor will it help any of the 13,700 people who sought help last year from the Salvation Army's Corps Community Center in Elgin. That the center's holiday donations were down nearly $50,000 from the year before - while nearly 1,000 more people sought help - makes no difference.

In fact, in accordance with Kroc's wishes, what is believed to be the largest single charitable gift ever won't do anything for any existing program and likely won't...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Daily Herald (Arlington Heights, IL)
Neighbor Fencepost.(Neighbor)(Letter to the Editor), March 01, 2004
The briefs.(Neighbor), March 01, 2004
District 57 outlines its plan to cut costs.(News), March 01, 2004
Northwest suburbs in 60 seconds.(News), March 01, 2004
Baby leaps into the world with Feb. 29 birth.(News), March 01, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.