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

Don’t Use Cash When Making Donations

For security and tax purposes, it’s best to pay by check — made payable to the charity — or by credit card. Never wire money to someone claiming to be a charity. Scammers often request donations to be wired because wiring money is like sending cash: once you send it, you can’t get it back.

(Photo: GettyImages)

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