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I think 3% of nonprofit groups say the faltering economy so having a negative impact on their fund raising efforts this year especially -- this crucial holiday season.
Which usually brings in a quarter of their funds according to the center for philanthropy at Indiana University.
Meanwhile some Syria -- groups are also dealing with the fallout of the Bernie Madoff alleged fifty billion dollar -- dice game like to Carl and Ruth Shapiro fun family fun.
Which is -- about a 145 million dollars joining us now Marty Coyne is president and CEO Ronald McDonald House Charities.
Well first of all what's new which organization the Ronald McDonald turnouts.
Charles thanks -- this morning.
What we're saying is greater need for our services that are we have 285 Ronald McDonald house -- right now around the world.
In almost every one of them is full full each and every night and we have waiting list so the need for our services has grown.
More than we ever expected.
Marty how does the economy impacted -- -- this year.
Are we we just start to see the impact in the fourth quarter up until -- we were having our are pretty good year or so we're really not quite sure where we stand.
But what we're very fortunate over the last 35 years we've been able to build a strong donor -- with with our Ronald McDonald houses and we've seen the ups and downs before and -- we've been able -- card -- -- just gonna have to work harder -- to raise the money.
Now I would assume -- -- get the majority -- funds from corporations.
How have you seen it and the and from there at street level you know people -- walking up to the -- register and putting in their chains and he's seen it affect the average person's habits so far.
No we haven't actually.
One of the things that we we peerage is you know we raise a lot of month.
Money ER with having our canisters in McDonald's restaurants -- an individual goes into a restaurant to purchase a meal can put in a nickel dime quarter are -- -- canisters.
And -- we're seeing that continues to be -- it's not a lot of money better all adds up.
On our corporation and most of our corporations that donate to us donate product.
Are like Benjamin Moore donates -- Brand source donates free appliances and every every third year are reply issues Coke donates all Coca-Cola products and then I'm McDonald's -- to all our administrative expenses so.
Are you owe a debt that's where we have a little bit different than most that product is just as important to us in -- Ronald McDonald house as cash.
Nothing -- -- -- let's the rates typically from the average McDonald's franchise it's.
Are you -- it is not -- -- set amount it's all it did it depends on the individual we have -- races going on within our restaurants whether it's.
World children's day or our car washes whatever each individual.
Besides or -- our -- -- what they wanted to and how they want to do one thing I can just essays every restaurant in the world participates.
Marty unfortunately this Bernie Madoff story has just gets bigger and bigger and it keeps taken out charities.
As an organization how do you evaluate your investments and how do you protect the money that you receive.
Are that -- what we have actually have a quite a few checks and balances and while what we have.
We have an investment advisor that reports directly to the treasurer.
And we have our investment policy that we -- in effect for many many years and then -- change that we wanna make -- are making -- our investment policy would have to go to the full board for approval so we have all the checks and balances that are needed to make sure that you know something like that would not happen to us okay thanks Marty Marty -- Ronald McDonald house a wonderful charity.
Appreciate your time this morning.
Thank you very much.
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