Tuesday, July 19, 2005

The whole issue

I believe many bloggers have talked about this and even lead to some fame and publicity for such bloggers. I do not wish to be 'famous' or perhaps just being talked about. However, if it helps in getting some good money, guess I will not mind it! hahaha

NKF has reserves of SGD$220 million which at a 3.5% interest rate generates enough money for one year operating expenses. So is there still any need to donate to NKF? My feelings is that it is self sufficient for a long time and it is time Singaporeans look at other charities and help them along.

The issue of salary and transparency keep coming up. It is perfectly normal to peg a CEO's salary to performance of the organisation. For NKF, this performance seems to be pegged to how much donations it gathered. This is definitely a wrong peg. A possible peg is how many patients they manage to save, continue their lives till a kidney transplant is possible, patients and their familes' lives improved under their schemes etc. It may be hard to qualify and quantify but I feel it is a realistic peg to use or something along the line. After all, NKF is a voluntery welfare organisation (VWO).

Sad to say, the higher-ups in Singapore are losing touch with the man in the street. How many are them can understand that we do believe in paying a person a salary what he deserves, a 12 months bonus, in lean years, is way too much. How many people do not have a 13th month bonus, how many people do not earn enough money have saved and scrimped and decided to donate to charity and for it to go to a salary. The appeal during lean years was that the patients may lose jobs, donations drying up but donations still keep pouring in, to fill up a few's pockets and the patients still lacking funds. It is of no wonder that people rather press the money straight to a patient as they know the money will be well-utilised to help a patient to survive thru the years.

With any VWO, transparency is important as what they spend is not of theirs but the public. If the money is invested to generate more funds, the generated funds still belongs to the public and fully accountable. Afterall, the capital is still from the public's donations.

Until everything is sorted out, there are still lots of explanations and changes to be done.

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