In the wake of the Madoff Ponzi scam and its impact on charitable organizations I have a simple question: What the heck are charitable institutions doing with multi-million dollar portfolios? Aren’t there enough needy people that can use the money outright? I might be old school, but it seems to me that a charity should keep enough money on hand to pay monthly salaries, rent, utilities, etc. All the rest collected should be doled out as needed – now, that’s a charity. A multi-million dollar portfolio is highly suspect. Who do they think they are, the Red Cross?