Today in the news we had the spectacle of The Press, having indulged in their favorite game of “Who me? I’m just asking…” Gotcha Set Ups, getting a snoot full of what they deserved.
Now I can’t say if it is just because the folks who go into journalism have very little other real life experience, have never had to actually deal with budgets and money, or are just generally clueless (but look good on camera and can read any lie with conviction, not having the skill to notice lie from truth), but for whatever reason, they felt compelled to toss rocks at Trump for their own imaginings.
The Basic Problem: Some months back, Trump skipped a Fox Debate (or some such) to host a fund raiser for Veteran’s Groups. Then, within weeks, the press began nagging, then hounding, “Who got the money?” and “Who GAVE the money?” and “How Much?”…
Any failure to do what they demanded when they demanded it, resulting in Grave Doubts, and murmurs of misconduct and rumors of fraud in the claimed amount raised.
Now, having had Trump rip some of them a new one, and having gotten a detailed list of exactly who and how much; they have turned to Dark Innuendo about “many of the donations” and “many of the checks being sent out” only AFTER the press started “looking into it” (or “hounding Trump”, depending on the station and how left they are…)
Well, a small bit of Clue for those in The Press devoid of life experience or any real germane understanding of fund raising:
(Hey, off stage! Ready the Clue Stick!…)
Time To Whack
I have run fund raisers. Not nearly as large as Trump’s. But also for a non-profit.
1) When folks “pledge” money, they do not hand you cash. Maybe for the $10 folks they will give a credit card, but for the Whales, it is a “pledge”.
2) Sometimes it takes a while to collect on the pledges.
3) Rich Folks, contrary to popular opinion, do not have a vault full of cash and rarely have a checking account full of it. Typically they have “Investment Advisers” (or, if a company, a Finance Department) who’s job is to assure that money is not “idle” in cash, but ‘working’ in investments. It takes time to select what investment to sell, pick the best time to sell, sell, wait the settlement period, collect the money, deposit it to the right account for donations, then issue a check, that must also then clear…
4) Typically, the donor must “vet” the 501c3 charity prior to the donation actually being made. This takes times.
5) Once money is showing up: Grant Writers get a notice to write a grant request. The Grant Requests get sent in. You wait until the request period ends and then review the requests as a group to decide who gets how much of the pot; so as to be fair to all.
6) Typically, the 501c3 must “vet” the groups they send money to, prior to the donation actually being made. This takes times.
7) It is a very bad idea to hand out money before you get it.
Now roll all those together.
Got Clue yet?
Simply put, it takes time to make the cycle happen. That it was all done and wrapped up inside a few months is spectacular performance. The Press is either entirely clueless about this kind of thing, or deliberately obtuse to “make a story”. Either one is bad.