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Red Cross & Sept 11th Victims Fund – they took in $200 million as Liberty Fund and didn't distribute.
The Red Cross, especially, has drawn a great deal of criticism for reportedly setting aside upwards of $200 million — which it solicited for its “Liberty Fund” by saying that all monies would be sent directly to victims’ families — on other long-term programs such as blood storage, assistance to needy reservist and National Guard families, community outreach programs, and funds for victims of future terrorist attacks. In response, the American Red Cross has halted solicitations for September 11 victims, brought in an outside auditor to review the organization’s spending and announced that it may triple cash gifts to families who lost loved ones on September 11. On 26 October, Red Cross President and CEO Dr. Bernadine Healy also resigned (or was forced out) in a dispute over the management of funds. Eliot Spitzer, the New York State attorney general, has proposed registering victims’ families and other survivors in a database to allow charities to reach out to them instead of their having to find the appropriate charities, and the Red Cross has been criticized for “refusing” to participate in this program.