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Students turn loose change into help for cancer research

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WILMINGTON, NC (WWAY) -- Students at Wilmington's Mary C. Williams Elementary School celebrated the success of their "Pasta for Pennies" fundraiser.

For a week and a half, students scoured their homes, turning over couch cushions and ringing neighbors' doorbells looking for any spare change they could donate.

"I just want to help the kids all over the country with the blood cancer, because I bet their parents feel very sorry for them, and I just want to help them get better," student Michael Dunlap said.

"Pennies for Pasta" collected change to help make a change through the Leukemia and Lymphoma Society of North Carolina.

The biggest collector raised more than $300 himself. He says he is excited about how much he raised.

"I feel kind of good about it," Christian Haynes said. "It really made me feel good."

The winning class collected more than $400 and will get a pasta party from The Olive Garden.

The entire school raised grand total of $2,072.28. The money raised funds treatment and research for childhood blood cancers.

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For every dollar donated...

how much actually goes to pay for research...and how much for the organization's overhead? One of the worst organizations for overhead is the March of Dimes...about 10% is actually used for treatment...the rest goes to overhead. Almost as bad is the Red Cross.

But kudos to the kids anyway.

Big paychecks for there folks!

Unfortunately, all the money these kids raised went directly to the LLS corporate HQ in White Plains, NY. Anytime you plan on donating to ANY charity, always check them out. They are required to file what's known as a 990 form.

These kids were trying to do something good, and hats off to them for trying!

Below is the link to 990 forms filed with the IRS for these guys.

For example, from the 2011 for year:
http://990s.foundationcenter.org/990_pdf_archive/135/135644916/135644916...

Grants and similar amounts paid (Part IX, column (A), lines 1-3 . 85,577,867
- vs.-
Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-
10) 81,834,903

- and -

16a Professional fundraising fees (Part IX, column (A), line 11e) . 9,299,646

17 Other expenses (Part IX, column (A), lines 11a-11 d, 11f-24f) . 73,769,925

http://990finder.foundationcenter.org/990results.aspx?990_type=&fn=leuke...