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Charities lose funds to for-profit fundraisers

Los Angeles Times reporters Charles Piller and Doug Smith found that for-profit fundraisers in California are collecting significant amounts, while the nonprofits they claim to support see little of the money. "In more than 5,800 campaigns on behalf of charities that were registered with the state attorney general from 1997 to 2006, the fundraisers reported taking in $2.6 billion. They kept nearly $1.4 billion — about 54 cents of every dollar raised."

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