"I am at a total loss as to how you can even think of defending...

"I am at a total loss as to how you can even think of defending the use of such charitable donations!"

I didn't have a chance to respond until today.

I'm not defending anything. I don't give to any charity that has a top heavy administration, so to that end I have no argument with you at all.

However, I think that the Salvos are such a huge organisation handling massive amounts of money overall, that there has to be an investment account somewhere.

What I do have a problem with is the use of a company like MLC for the purpose. MLC is a commercial organisation that has to meet performance targets set by its parent the NAB. I don't know what they charge the Salvos for their services. But even if they did it for nothing, I still think it is wrong.

So in nutshell, I'm all for minimum risk investment of surplus funds, (ie. no fancy derivates like those who's abuse sparked the GFC) but I'm right against the use of wealth managers like MLC.