Financial Expert On AARP

An expert witness in a joint hearing of House Ways and Means subcommittees concerning AARP is sticking with his recommendation that the popular social welfare organization be investigated. William Josephson, former head of the New York Law Department Charities Bureau, says he is not interested in partisan politics, but he is concerned about why AARP’s internal donations to its two charitable subsidiaries has remained “flat” while the organization has seen a tremendous increase in gross income.

AARP had revenues in excess of $1.4 billion in 2009 alone — and at the same time, the AARP Foundation received more than $97 million in government grants, or 81.9 percent of its total revenue.

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About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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