Money spent to help animals would not be lost
From ANIMAL PEOPLE, January/February 2009:
Parables in every faith warn against
hoarding wealth, instead of using it to good
purpose. Those who doubt the wisdom of the sages
might look instead to the headlines.
The New York Times on page one of the
last day of 2008 observed that Wall Street losses
during the year had eradicated every gain made
since 2001, the most recent previous year of
economic downturn.
Another New York Times page one item
discussed the losses to charities resulting from
the activities of former NASDAQ chair Bernard
Madoff, who is charged with bilking investors of
$50 billion. Among the victims were many of the
wealthiest nonprofit foundations in the U.S.,
and investment funds that handled the assets of
possibly thousands of other charities and
individual donors. The extent of the damage will
take months to assess.