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Make sure every dollar you give to charity counts

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BY NATHANIEL SILLIN

Financial Matters

 D

eciding to make a charitable contribution can arise from a desire to help others, a passionate commitment to a cause or the aim to give back to a group that once helped you or a loved one. Choosing which organizations you want to support can be difficult. There are over a million public charities in the United States according to the National Center for Charitable Statistics, and every dollar you give to Charity A is a dollar you might not be able to match for Charity B. 

Whether it’s a friend’s charity run or supporting an animal rescue, often the decision to give comes down to a mix of internal and external factors. You have to determine which causes are most important to you, and with outside help you can compare how effective various charities are at using their funding.

Many non-profits do incredible work, but it’s always smart to verify their claims. You can start your due diligence by double checking an organization’s tax-exempt status using the Internal Revenue Service’s (IRS) Exempt Organizations Select Check Tool. 


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