CHICAGO – as Giving Tuesday follows the holiday shopping weekend, many are looking to donate to causes they care about.But with numerous charities seeking support, experts urge donors to do their research to ensure their contributions have the greatest impact.
Consumer Reports offers guidance on identifying effective charities and avoiding those with questionable practices. It’s crucial to verify a charity’s legitimacy,as some may have names similar to well-respected organizations.
Resources like Charity Navigator and the Better Business Bureau’s Give.ORG allow donors to compare organizations and assess how effectively donations are used. These platforms reveal the percentage of funds allocated to program expenses versus administrative and fundraising costs.
Nonprofits prioritizing their mission typically dedicate 75 percent or more of their funds to programs and services.
Transparency is key. Donors should examine a charity’s website for details regarding its purpose, board members, and recent financial reports. A lack of this information can be a warning sign.
Be cautious of unsolicited requests for donations via phone, text, or email. Avoid clicking links or responding to such solicitations.
When using online giving platforms or crowdfunding websites,ensure you trust the individual or institution raising funds. Be aware that most crowdfunding sites deduct a transaction fee from each donation.
Donating time is another impactful way to contribute. Volunteering provides firsthand insight into a charity’s operations and allows for direct involvement in its mission.
