North Carolina Heroes Fund

Charlotte Mayoral Candidate Scott Stone Fails Competency Test

A charity fund run by Scott Stone, Republican candidate for mayor in Charlotte, is receiving some unwanted attention for the low percentage of fundraising dollars passing through to the supported cause. According to available tax returns, North Carolina Heroes Fund (NCHF) has raised $168,807.73 and distributed $39,210.37 to veterans in need. This means only 23% of funds raised has passed through to help veterans, not the 30% stated by the Charlotte Observer. In contrast, $41,542.48 has gone to one professional fundraiser in 2009 and well over $40,000 in unitemized expenses have been incurred. This leaves Scott Stone's financial competence wide open for criticism.

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