Thank you! I envy your imagination though in thinking that the red cross can donate the blood plasma to hospitals while also paying the donors a bunch of money. Seems like it would cut into the other important work the red cross does just so they can compete with for profit companies that sell the plasma to the highest bidder where it goes to tech companies wasting it on fake anti-aging cures. But what do I know.
The red cross doesn’t “donate” blood; volunteers donate blood to the red cross, who sells that donated blood to hospitals for hundreds of dollars a unit.
The red cross takes in nearly 2 billion dollars annually from donated blood in what is not called “profit” because the red cross is classified as a “nonprofit” who sells donated blood.
In fact, they’re so good at being a nonprofit that they make hundreds of millions of dollars more every year selling donated blood than they use for those services, since 90% of their workforce is unpaid volunteers.
Where do those extra hundreds of millions go every year? Idk, the Senate committee couldn’t really figure that one out.
The red cross is so non-profit that their CEO makes 650k a year(I’ll volunteer for that role!).
Good for them. What a financially successful and exceptionally wealthy non-profit.
Nope. Nice imagination, though
Thank you! I envy your imagination though in thinking that the red cross can donate the blood plasma to hospitals while also paying the donors a bunch of money. Seems like it would cut into the other important work the red cross does just so they can compete with for profit companies that sell the plasma to the highest bidder where it goes to tech companies wasting it on fake anti-aging cures. But what do I know.
Not much about the red cross.
The red cross doesn’t “donate” blood; volunteers donate blood to the red cross, who sells that donated blood to hospitals for hundreds of dollars a unit.
The red cross takes in nearly 2 billion dollars annually from donated blood in what is not called “profit” because the red cross is classified as a “nonprofit” who sells donated blood.
The fees the red cross charges is the costs related to the blood collection. It’s a non-profit organisation.
Super non-profit. Totally.
In fact, they’re so good at being a nonprofit that they make hundreds of millions of dollars more every year selling donated blood than they use for those services, since 90% of their workforce is unpaid volunteers.
Where do those extra hundreds of millions go every year? Idk, the Senate committee couldn’t really figure that one out.
The red cross is so non-profit that their CEO makes 650k a year(I’ll volunteer for that role!).
Good for them. What a financially successful and exceptionally wealthy non-profit.