(CBS) — Wounded Warrior Project ousted two of its top officials Thursday following an investigation into the charity’s spending by CBS News.
CBS News reporting Wounded Warrior Project’s CEO, Steven Nardizzi, and COO, Al Giordano, were fired after criticisms from more than 40 employees about how it spends its more than $800 million raised in donations in the past four years.
In a three-part investigation, CBS News looked into the Wounded Warrior Project, the nation’s most recognizable veterans charity. What stood out is how the Wounded Warrior Project spends donations compared to other long-respected charities.
For example, Disabled American Veterans Charitable Service Trust spends 96 percent of its budget on vets. Fisher House devotes 91 percent. But according to public records reported by “Charity Navigator,” the Wounded Warrior Project spends 60 percent on vets.
See the three-part CBS News Investigation below: