Excuse me, The PRSA Foundation… but $130,000 in relation to *what*? The Better Business Bureau’s “standard seeks to assure donors that the majority of a charity’s activities (defined as 65% of a charity’s total expenses in the past fiscal year) are directed to its program services.” Transparency is not the PRSA Foundation’s forte. Consequently, this GuideStar link to the Foundation’s IRS Form 990 filing (2021) from two years ago is the most recent one we have documenting the Foundation’s % of expenses actually dedicated to its stated “diversity” mission. In 2021, only 41% ($60,913) of total expenses ($146,700) were dedicated to grants / scholarships. In 2020, only 23% ($65,506) of total expenses ($277,233) were thus dedicated. “Other” expenses are largely used to prop up the PRSA, Inc., business league, which lost well into the seven figures in member dollars for the same time period. When I asked questions in 2020 of CFO Philip Bonaventura and then-Foundation President Joe Cohen about what was going on, I was stonewalled for months and then retaliated against. It is my view that the PRSA Foundation’s tax-exempt status should be audited. https://lnkd.in/gJDygPpT.
As we approach the holiday season, we're thankful for supporters like you who have helped us award over $130,000 in scholarships, fellowships, and grants to students - our largest giving year yet. Giving Tuesday is on Tuesday, November 28. This day celebrates generosity, collaboration, and the power of doing good. This Giving Tuesday, help us bring even more educational and professional opportunities to diverse young students entering the public relations profession. Please consider the PRSA Foundation for your year end charitable contributions and make your donation at https://lnkd.in/eAB8RFrC. Through your generosity, we'll be able to give more financial support to talented public relations students, allowing them to focus on their education and develop their professional skills.
