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And in Happier News: $3.9M donated to LDS Church's Giving Machines worldwide


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Posted

$39 million/159,000 items = $245.28 per item.

$3.9 million/159,000 items = $24.53 per item.

I'm thinking it's $3.9 million. It still is a very good program.

Posted
42 minutes ago, smac97 said:

Hmm.  Is it $3.9M or $39M?

They may be using a formula here to equate $1 donated to $X worth of goods and services provided to the recipient.  If, say, my $1 donation allows a volunteer to perform X number of hours of service, then the value of my donation is magnified.  

The good or service that I buy at the machine may be donated, or partially subsidized through donations, which allows my donation to pay for the infrastructure necessary to deliver that good or service to the recipient (transportation, warehousing costs, etc). 

Does that make sense?  At my work we've traditionally used a 7 to 1 ration.  For every $1 donated we're able to provide $7 worth of goods and services by using donated product and volunteers.

Posted
42 minutes ago, Thinking said:

$39 million/159,000 items = $245.28 per item.

$3.9 million/159,000 items = $24.53 per item.

I'm thinking it's $3.9 million. It still is a very good program.

I agree, it is a good program.  I suggest we wait for the financial report that I am sure the church will soon release that will details the amounts donated, overhead costs and amount delivered.

Posted

My primary class collected their coins in a jar we brought to church the last couple of months. It was a sweet thing to see them bring in the coins. Last week we took all if the kids that could come to the machines here and had them choose what to give with the money they collected. I loved seeing them be involved.

My son, as a missionary, has been able to help restock the machines, with lines etc.  Loved that he could be involved with that as well.

Posted
2 hours ago, smac97 said:

Very cool:

Hmm.  Is it $3.9M or $39M?

Probably $3.9M, then.

Still, a wonderful bit of news.  I am glad that the Church is facilitating such contributions.

Thanks,

-Smac

I saw long lines for them last week at the University Mall at what appeared to be a relatively slow time of day for the mall. It warmed up my day and heart to see that enthusiasm. I think they are a great idea. 

Posted
1 hour ago, ksfisher said:

which allows my donation to pay for the infrastructure necessary to deliver that good or service to the recipient (transportation, warehousing costs, etc). 

The Church generally covers that kind of overhead with other funds, I believe...or perhaps it covers that which they control (their own trucks, own employees) and not the local transportation, etc. Does anyone know? 

Posted
6 hours ago, sunstoned said:

I agree, it is a good program.  I suggest we wait for the financial report that I am sure the church will soon release that will details the amounts donated, overhead costs and amount delivered.

No overhead.  100% of all donations go to charity, with the Church picking up any administrative costs.  LDS Philanthropies makes that a central policy.

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