(RepublicanPress.org) – It’s the end of the year, and it’s time to start considering who to make charitable donations to again. It can be challenging to know which charities to support and which ones to avoid.
Everything You Need to Know About Making Charitable Donations https://t.co/69wCOvjM5g
— Warren Bingham (@WarrenBingham) March 7, 2020
There are four things you can consider to help you decide how to go about your end-of-year charitable donations.
- Decide if you want to receive tax deductions for your donations. Generally speaking, donations made to non-profit groups are tax-deductible.
- Consider your motives for donating and act on them. For instance, are you seeking to connect with members of our community? If so, you might want to consider investing in local charities instead of large national ones.
- Find groups or organizations that share your core values. Take your time and talk to people within the operation and see if you think it’s a good fit for you.
- Research any charity before donating. Make sure it’s a real charity, and check out its charitable 501(c)3 status with the IRS if you have questions about its credibility.
Making charitable donations is a good practice to adopt during the holidays or year-round when you have the time, money, and ambition. However, it’s best to find charitable organizations that are a good fit for you. And, you should exercise caution at all times.
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