Money Monday: 7 Steps to Take Before Making a Charitable Donation

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  • Dig a Little Deeper
  • Create an Annual Donation Plan
  • Know the Difference Between “Tax Exempt” and “Tax Deductible”
  • Don’t Use Cash When Making Donations
  • Steer Clear of Fly-By-Nights
  • Do Your Resesarch
  • Not all charitable organizations are created equal.
  • Get the 411
  • Call the Charity

Steer Clear of Fly-By-Nights

Be wary of charities that spring up too suddenly in response to current events and natural disasters (like “Hurricane Sandy Relief”). Even if they are legitimate, they probably don’t have the infrastructure to get the donations to the affected area or people.


This article has been prepared for informational purposes only. The accuracy and completeness of this information is not guaranteed and is subject to change. Since each individual’s financial situation is unique, you need to review your financial objectives to determine which approaches might work best for you.

(Photo: GettyImages)

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