It’s Not Unpatriotic To Ask If This Is Even Worth It . . .

Because you know the (not $1 billion but $500 million) World Trade Center Sept. 11 memorial costs way to much money when the foundation funding it becomes one of the nation’s top nonprofits:

The World Trade Center Memorial Foundation has joined the annual honor roll of American nonprofits that received the most private support last year.

The organization, which raised $115 million in 2006, ranked no. 158 on a list of 400 entities compiled by the Chronicle of Philanthropy. The list is published in the Chronicle’s November 1 issue.

At the top of the list was United Way of America in Alexandria, Va., with $4.1 billion raised. No. 400 was the Eisenhower Medical Center in Rancho Mirage, Calif., in the midst of a $200 million capital campaign, with $42 million raised.

The World Trade Center Memorial Foundation, which began operations in May 2005, in 2006 reported donations totaling $115 million. By June 1 of this year, it had raised $300 million of its $350 million goal for the building of a memorial and museum at the World Trade Center site. The fund-raising feat is impressive, as the foundation’s president quit in May 2006 after criticism for rising costs and delays. Mayor Bloomberg then stepped in as chairman of the foundation.

“It is a big deal that it raised enough money to get on the list,” the editor of the Chronicle of Philanthropy, Stacy Palmer, said of the new entrant from New York. “They put a lot of effort into bringing in a lot of very big gifts and saying, ‘We need to go ahead and move forward on this.'”

By way of contrast, the Staten Island Postcards memorial, a very nice memorial, only cost $2 million.