The scams and frauds behind non-profits - Evil Businesses | Sidebean

The scams and frauds behind non-profits - Evil Businesses -Try ChartMogul ► https://youtube.slidebean.com/chart-mogul-nonprofits - We don’t just make videos. We help startups present to investors. ► https://youtube.slidebean.com/non-profits #startups #slidebean #nonprofits 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. -- 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 -- Follow Caya: https://twitter.com/cayahere https://instagram.com/caya_here Turn on notifications for the podcast & rate it a 5-star for new episodes. 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. Subscribe to Sidebean on YouTube: https://www.youtube.com/@slidebean/ Disclaimer: This podcast is an independently produced audio adaptation of content originally shared by Sidebean. It was created by a fan who appreciates Sidebean’s thoughtful storytelling and wanted to make these ideas more accessible for audio-focused listeners. This is not an official production of Sidebean, nor is it affiliated with or endorsed by the channel. All rights to the original video content belong to Sidebean. If you are a representative of Sidebean and have any questions or requests, please feel free to reach out. -------------------------- ------- Keywords: startup failures, tech society, digital transformation, tech analysis, ai news, startup success Learn more about your ad choices. Visit megaphone.fm/adchoices