Monday, November 7, 2011

Donations

Seven tips to reduce unwanted mail solicitations from charities-
http://www.charitywatch.org/articles/seventips.html


charitywatch.org recommendations:
1. Don't give to a charity you know nothing about.

2. Don't give cash.

3. Tax exempt doesn't necessarily mean tax deductible.

4. For all tax-deductible contributions of $250 or more, the IRS requires that you obtain a receipt from the charity.

5. Ask how much of your donation goes for general administration and fund-raising expenses and how much is left for the program services you want to support.
Note: A 60% program percentage typically indicates a “satisfactory” or “C range” rating. Most highly efficient charities are able to spend 75% or more on programs.

6.Do not be pressured into contributing.

7. Do not be enticed by emotional appeals.

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