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AG: Telemarketers taking big bite of charity donations

New York State Attorney General Eric Schneiderman. (May

Photo credit: ag.ny.gov

That telemarketer asking for your money to give to a worthy cause may be getting a bigger slice of your dollar than the charity, Attorney General Eric Schneiderman said in a report Friday.

Schneiderman found that fundraisers were paid an average of 61.5 cents for every dollar raised on behalf of New York charities in 2011. The charities were left with 38.5 cents. Schneiderman said he has issued...

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