Tags: wounded warriors | donations | down | 70m | 19%

Wounded Warrior Project's Donations Down $70M in 2016

Image: Wounded Warrior Project's  Donations Down $70M in 2016
(Michael Loccisano/Getty Images)

By    |   Monday, 08 May 2017 07:15 PM

Donations to the troubled Wounded Warrior Project veterans’ charity dropped precipitously in the last half of the 2016 fiscal year, down nearly $70 million, Stars and Stripes reported.

Citing newly released financial records, the military news outlet reported the charity's revenue fell $77 million, from $398.9 million in 2015 to $321.8 million — a 19 percent decline.

Donations during that period dropped from $372.6 million to $302.7 million, Stars and Stripes reported.

According to its Form 990 filing for charities, Wounded Warriors Project spent $213 million on programming in 2016, a drop of $49.4 million from the prior year.

Chief Executive Officer Mike Linnington says the sharp decline in donor confidence has now leveled out.

"We have turned the corner, and donations over the last six months have exceeded the goal we set for ourselves," Linnington told Stars and Stripes, declining to release figures from the last seven months.

Linnington took the helm at the charity – founded after the 9/11 terror attacks – last August, six months after CBS News came out with reports that found lavish spending and a toxic organizational culture.

The board fired CEO Steve Nardizzi and Chief Operating Officer Al Giordano in March 2016.

"It was a tough time," Linnington told the outlet. "I get a little emotional just thinking about it. Folks were very uncertain."

Stars and Stripes reported after Linnington took over, deep cuts were made to staff and costs.

The biggest cut to expenses, the filings show, was a $48 million decrease in grants to a trust for members of its Independence Program, Stars and Stripes reported.

With over 600 warriors enrolled, the Independence Program serves those with severe traumatic brain injury, spinal injury or other severely disabling permanent injuries, enabling them to receive needed services while living at home.

The trust, which serves 278 veterans, ensures that they can remain at home even after their caregiver dies. The charity's Chief Financial Officer Eric Miller told Stars and Stripes the cuts didn't impact anyone enrolled, but may have an impact on the longterm viability of the program.

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Donations to the troubled Wounded Warrior Project veterans' charity dropped precipitously in the last half of the 2016 fiscal year, down nearly $70 million, Stars and Stripes reported.Citing newly released financial records, the military news outlet reported the charity's...
wounded warriors, donations, down, 70m, 19%
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2017-15-08
Monday, 08 May 2017 07:15 PM
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