nemesis32 said:Not sure if anyone noticed... it's not really fair to compare NKF & KDF. Yes, their cause is similar but i don;t think KDF have many dialysis centres? Also, in terms of size, it's like comparing SBS vs small private bus operator. KDF only have 20 staffs earning average of abt 2400... Highest position is GM. Their size a bit too small.
espn said:I still prefer to donate direct...
BBTM said:One thing for sure, I pity those patient. Hope someone who can truely organise a fund raising for them and use the $ wisely. Really hope some organisation (trusted ones) could step up and do so. Close down NKF for GOOD! :angry:
yqt said:Reserves can last about 4 years if patients do not pay anything. 30 years if patients pay current subsidy.
Spectrum said:You think you want to close can close right away ah? Very BIG BOSSES supporting behind, you know? :bigeyes:
dawgbyte77 said:This is reserve alone... $300K annual bonus will still go a long way... and don't you think this issue is isolated to one man? I think there are more than meets the eye that's why NKF retracted the lawsuit so quickly. Of course, this is just my opinion and not factual.
BBTM said:With so many bad news on them and less donation go to them, they will be finish soon. But wait! Sure got a lot of greedy ppl who donate just for the prizes :angry:![]()
BBTM said:Talk abt prizes, didn't that woman who just won the car look familiar? :think: On top of that, any one of you really win those prizes before? :think: Wondering those winner are there own ppl or not? :think:
BBTM said:With so many bad news on them and less donation go to them, they will be finish soon.![]()
Spectrum said:Read the 1st line thought that she is your relative. ;p
BBTM said:No la. See her somewhere before on tv shows. Really Kelong mah.
NKF = National Kelong Foundation!
Big Kahuna said:40 years you are talking about...and they may raise the dialysis cost to cover the shortfall :dunno:
BBTM said:Nah, as NKF says, 3 to 4 years only mah. It will be true on what NKF said as with high bonus and benefits to staffs, that amount could be gone in no time. Esp they brought expensive gift for themself (ESPN fav D2X and a few VR lens ;p )
Spectrum said:I wonder, do they manage all this things something like what the MLM (Multi-Level Marketing) is doing? The very top gets the most $$? :think: Just mine wild thoughts only.
2 separate issues...dawgbyte77 said:It depends on the treatment. There is one patient who were interviewed in The New Paper. Her parents earn $1800. She is paying $240 out of $1700+. She is appreciative of the help but was dismayed when she found out about the bonus because her family still need to borrow money to pay for the $240 but is now afraid of losing the subsidy. I think the reserve should be able to cover that if worst comes to worst.
NKF has 189m in reserves which supposedly can last them 2-3 years as they claim they need about 60-70m a year. NCSS has about 157m and can last them a couple of years as well. In my opinion, the reserves are not excessive. Imagine if economic crisis hits us for 2-3 years, the reserves will definitely diminished by a fair bit.BBTM said:Nah, as NKF says, 3 to 4 years only mah. It will be true on what NKF said as with high bonus and benefits to staffs, that amount could be gone in no time. Esp they brought expensive gift for themself (ESPN fav D2X and a few VR lens ;p )