Last week, the New York Attorney General’s office released its most recent “Pennies for Charity” report, which seeks to educate donors about “where your money goes” when you give to a particular nonprofit. As an advocate for strong ethical oversight by boards of directors, I am generally a proponent of transparency. In this case, however, I believe it is actually very problematic. Why? Because the “Pennies for Charity” report and database are predicated on a number of assumptions about fundraising and fundraising strategy that are quite flawed.