Toward the end of the year, everyone’s mailbox starts to fill with appeals from needy causes, begging you to celebrate the season by sending a check helping to fund their charity. It is difficult to say, “No,” to the requests. Saying, “Yes,” to them all is rarely possible, nor is it a wise fiscal move. It can be overwhelming, especially if you are a generous person by nature or momentarily overwhelmed with holiday spirit.
Download this booklet and learn some steps to help you give wisely and with maximum impact.
Holidays are a time of testing, due to the many “charity” scams. Is there a way to keep our hearts open, yet avoid those that want to take advantage of your generosity? Yes! Now is the time to be “as innocent as a dove and as wise as a serpent.” There are some telltale signs for an organization that may be a little shady.
Give Wisely and Generously
Giving is Great. Giving Smart is Best!
Most forms of charity are concerned with providing basic necessities such as food, water, clothing, healthcare and shelter, but other actions may be performed as charity: visiting the imprisoned or the homebound, ransoming captives, educating orphans, even social movements. Donations to causes that benefit the unfortunate indirectly, such as donations to fund cancer research, are also charity.
Enjoy Tax Benefits
Though altruism may be your primary motivation in giving, there are also some great tax benefits. Here are some of the benefits and rules you need to know.
Not all charities qualify you for a tax deduction. There is a qualifying process. Make sure that the charity you are giving to is a 501c3 recognized organization. Contributions to foreign governments, individuals (unless through a nonprofit), foreign charities, and some private foundations will not be deductible.
Outrageous Love is recognized for our transparency with a Bronze Seal.
Bronze Seal recipients are in the top two percent of all non profits and you can trust your donations will be well spent. GuideStar is the world’s largest source of information on nonprofit organizations. More than 8 million visitors per year and a network of 200+ partners use GuideStar data to grow support for nonprofits.