You’ve been granted free access to this subscribers only article.
Research before giving to charity
Better Business BureauDecember 21, 2011 | 1,150 views | Post a comment
AUSTIN -- Though philanthropists donate to charities all year long, the holiday season remains the busiest time for charitable donations. Whether donating your time, treasure, or talent, Better Business Bureau reminds consumers to give wisely.
“It’s far too easy for anybody to set up a charity, get tax-exempt status with the IRS, do very little of anything charitable, and get away with it,” said Daniel Borochoff, American Institute of Philanthropy president, on the ABC News program “Primetime.”
The Better Business Bureau (BBB) Wise Giving Alliance Standards for Charity Accountability were developed to assist donors in making sound giving decisions and to foster public confidence in charitable organizations. Before giving your time or treasure this holiday season, the BBB recommends researching the organization. Check with the BBB at www.give.org to get reports on how national charities measure up to the BBB Standards for Charity Accountability.
According to the BBB’s Standards for Charity Accountability:
•At least 65 percent of total expenses should be spent on program activities
•No more than 35 percent of related contributions can be spent on fund-raising.
For local charities, ask for an annual report or a 990 IRS form to see a breakdown of where the money is allocated.
•Be wary of imitations. Don’t be fooled by names that look impressive or that closely resemble the name of a well-known organization.
•Avoid giving personal information over the phone. Since nonprofits are not required to use the “Do Not Call” list, you could receive a phone call asking for a donation. Avoid giving your personal information over the phone and go “off the call” to confirm the legitimacy of the organization before deciding to donate.
Avoid giving to charities that:
•Use high-pressure solicitations. A legitimate charity will be glad to give you the time needed to fully research its program.
•Offer prizes. Most honest charities do not try to entice you to give by telling you that you have won a prize.
•Steer you away from mailing a donation. Dishonest individuals try and avoid doing anything through the U.S. mail to avoid federal prosecution under postal statutes.
To check the reliability of a company and find trustworthy businesses, visit bbb.org.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Falls City track places at State (May 18, 2016)
Floresville youth camps set (May 18, 2016)
Pirates fall to Blanco in Area (May 18, 2016)
State track meet results are in ... (May 18, 2016)
Tennis skills camp (May 18, 2016)
Bears take down Panthers for bi-district title (May 11, 2016)
Falls City track medals at Regionals (May 11, 2016)
Pirates keelhaul Raiders, head to Area (May 11, 2016)
Playoff roundup (May 11, 2016)
Poth track team qualifies for State (May 11, 2016)
Stockdale tennis wins big at district (May 11, 2016)
‘Killer’ first inning seals Beavers’ fate (May 11, 2016)
Adams signs with Schreiner (May 4, 2016)
Baseball, softball scores (May 4, 2016)
Beaverettes track wins Area (May 4, 2016)
Brahmas take down Bobcats (May 4, 2016)
FISD athletic physicals (May 4, 2016)
Floresville track runs well at Regionals (May 4, 2016)
Lubianski signs with Trinity (May 4, 2016)
Pirates plunder Mustangs for first in district (May 4, 2016)
Pirettes finish season (May 4, 2016)
Stockdale track wins big at Regionals (May 4, 2016)
Volleyball team in the gold (May 4, 2016)