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Aug 25, 2011 5:45 AM by Kate Richards

Many 9/11 charities failed with donated money

Americans eager to give after the 9/11 attacks poured $1.5 billion into hundreds of charities established to serve the victims, their families and their memories.

An Associated Press investigation shows that many of those nonprofits have failed miserably over the past decade.

One charity raised more than $700,000 for a giant memorial quilt, but there is no quilt.
Another raised more than $4 million to help victims, but didn't account for how it spent all the money.

A third helps support a flag honoring those killed on 9/11 that is sold by the founder's for-profit company.

Most of the 325 charities reviewed by The AP followed the rules and fulfilled their goals, but others fell short of their promises or did more to help themselves than those affected by the terrorist attacks.

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