6 Lessons for Charity Donations

    6 Lessons for Charity Donations




    1. Investigate
    2. Payment and receipts
    3. Tax deductions
    4. Appearance
    5. Contact
    6. Investigate

    With today's resources, it is only a click away to find information on nearly any kind of organization. Look into local charity registrations and check with the local BBB to see if there have ever been any complaints. Some companies may have their own extensive sites, but the BBB will provide unbiased information from people who have provided their own personal feedback as well as time in business and other legal declarations. Google could be a common manner for locating basic info on most charities.

    Payments and receipts


    While giving a couple dollars shouldn't be cause for alarm, never give large sums of cash. Buying candy from a Girl Scout is different than donating $500.00 to the Red Cross. Use checks written to the name of the charity and not the collector. Be wary of giving your credit card information to any company you are unsure of. Always get a receipt. Records are essential for tax time.

    Tax deductions


    Tax-exempt does not mean tax-deductible. There are many more companies that claim tax-exempt but are not considered tax-deductible. Personal time devoted to a charitable cause is not tax-deductible, but the expenses associated with performing those activities, such as transportation costs, are considered a tax deduction. Check with the IRAS for more information related to the organizations that are acceptable tax deductions.

    Appearance

    Don't be fooled by appearances. Always look into the legitimacy of every charity. They want to be found. A charity will wait many days whereas you gather additional information on their organization. Avoid mailers that demand payments of any kind. Some might embrace gifts and demand a charitable donation reciprocallyThese involuntary payments are in no way obligatory, regardless of the wording. Any email that looks suspicious should be treated as suspicious. Reputable organizations will have no problem with proving their authenticity.


    Contact

    Every reputable organization is going to have more than one form of contact. Email, phone, and mail should be available. Many of the larger charities will even have local offices that you can walk directly into.

    Conclusion

    Even though they may lift the spirit and even become a factor when taxes are due, the true essence of a charity is the cause it supports. There are more organizations available than can possibly be listed here. Thinking about expectations and donating to the right one can be a rewarding experience. Before making a decision, though, utilize the resources available to determine the best route to go. Legitimate companies are more than willing to cooperate.

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