Episode Details

The scams and frauds behind non-profits - Evil Businesses

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Naive, 20 year old me used to think of charities, non-profit organizations as truly selfless acts. But you probably know where this is going.

FIFA, a non-profit organization founded to develop and improve the beautiful sport of soccer, has $1,8B in cash reserves, paid its President about $3M a year. Its top executives went to jail a few years ago for laundering money, taking bribes.

This pastor used his non-profit to essentially become a millionaire, fly private jets.

These are just two of many stories we found on how easy these organizations lose their way.

It’s no coincidence that so many celebrities and millionaires have all established their foundations.

But even worse than just saving taxes, non-profits raise money. From people like you and me who sometimes want to help.

But few people know the truth of where that money ends, and how little it actually goes to that cause you are supporting.

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0:00 Non-profits - Intro 3:39 Non-profits - Pastor Jesse Duplantis 5:26 Non-profits - Bill & Melinda Gates 7:35 Non-profits- NRA 10:13 Non-profits How much money gets lost? 12:24 Non-profits - FIFA 16:26 Non-profits - Foundations doing it right

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Sidebean makes documentaries about startups, tech, and their impact on society. It is a venture-backed company that helps other startups navigate the complicated road to success. They love to cover stories around business, startups, and tech, trying both to teach and entertain.

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