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When we checked that organization's Commercial Fundraiser Profile Report with the Washington Secretary of State, we learned that in the fiscal year ending December 31, 2008, Associated Community Services (ACS) reported that it raised $1,264,583 in contributions, and of that amount, only $480,465 went to the charity client for whom the funds were raised. In other words, the charity got 38% of the money raised, and the fundraising organization kept the other 62% as its fee.
The Fundraiser Profile indicates that ACS also solicited contributions on behalf of Disabled Veterans Services, Inc. and the Washington chapter of the United States Navy Veterans Association.
An article in the Portland Observer in December, 2009, indicated that FAV used 8.67 percent of funds raised for its cause, landing Foundation for American Veterans on the Oregon Attorney General's list of the 20 worst charities soliciting in the state, based on how much of its contributions actually go to the stated cause.
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