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SantaCon is coming to town and giving New York City charities little more than a lump of coal, while the tax-exempt organization behind it funds Burning Man festivities and buys cryptocurrency. ....
SantaCon, that horrific event in which thousands of drunkards dressed like Kris Kringle descend upon New York City's bars in a boozy and ostensibly charitable push, may not be so philanthropic after all. In an investigation, Gothamist found that over the past decade, less than a fifth of the $1.4 million the money the event's organizers […] ....
The organizers behind the December charity pub crawl lovingly dubbed SantaCon appear to be a little heavier on the con than the spirit of giving. Over the last decade, the group’s organizers claim to have raised more than $1 million for charitable causes, according to their website, but not much of that money seems to have gone to charity. Instead, they blew more than a third of the funds on bad crypto investments and groups tied to Burning Man, ultimately giving less than a fifth of that money ....