How to Choose the Right Charity to Donate Money to
Many people would love to volunteer for children's charities or other charities in their free time, but they are simply too busy to do so. As an alternative, you may be thinking about making a monthly donation of money to disability charities or other organizations. However, you may not be sure which charities you should donate monthly to. Before you begin making regular chirty gifts, consider researching the charities more closely.
Choose a Few Great Causes
Charitable giving gives you something to be proud of. Your hard-earned money will be used in conscientious and helpful ways to support causes that are dear to you. From health-related organizations to those supporting the environment, the homeless population, the poor and more, you can find a wide range of causes to support. Consider which causes or events have touched home with you recently, and look for organizations that support these causes. The information found on the Christian Blind Mission website is useful to help you gain a better understanding.
Research How the Funds Are Used
You likely will find a couple of organizations that you could make a monthly donation to. However, before you give chirty gifts, research how the organization uses the funds. Some organizations have a very top-heavy structure, and only a small portion of donations actually go to supporting the cause. Use the Internet to find an organization that will use your funds most wisely and in the most effective manner possible. Remember that some organizations will accept clothing, furniture and food donations as well. When you donate items rather than cash, you do not have to worry about how your donation will be used.
Ensure the Gift Is Tax Deductible
As much as you want your monthly donation to a respectable, established and meaningful charity to help the world in a positive way, you also may want it to benefit you as well. Many financial donations to approved charities are tax-deductible. You will need to confirm that your donation will be tax deductible. If so, most of these organizations will accept a donation payment through their website, and they will send you a receipt. You can file this receipt away with your other tax records, and you can use it to support your deduction in the event you are ever audited by the IRS.
While some people donate hours of their time each week to various charitable organizations, others donate their hard-earned money. Both are very honorable ways to support charities that are important to you. If you are thinking about making a financial donation, carefully research the charities before you make your first donation. These steps will help to ensure that your gift is used in the most effective way possible based on your personal interests.