The bulk of this post is from a Forbes magazine article. You can view it at Forbes Charity Article
According to Aggie Sweeney, CFRE, chair of Giving USA Foundation and senior counsel at Campbell & Company, Americans are increasingly generous. “We saw growth in every major sector, indicating the resilience of philanthropy and diverse motivations of donors,” she shared.
Americans who donate to charity want to know where their dollars are going. In a survey from US Trust, 89 percent of donors said that “it is important that the organization spend only a reasonable amount of their donation on general administrative and fundraising expenses.” Of course, an organization has necessary administrative expenses, but at the same time, we want our money to go mostly toward the cause.
Where is your money really going when you give to charity?
Before sending money to your favorite charity, there are three resources you can use to ensure that your money is being used the way you want it to be.
On the I.R.S. website, you can see if your organization is listed as a 501(c)3. Make sure the charity is an actual charity.
In order to receive a tax deduction for your donation, the charity must be a qualified organization. The I.R.S. has a searchable database of charities where you can verify that your organization holds this status.
Charity Navigator and
One thing you’ll want to know is, after costs, what percentage of donations go directly to the cause? Some charities are lean when it comes to overhead — the American Red Cross, for example, uses less than 10% of its budget for administrative and fundraising expenses, therefore spending over 90% of its income on programs that benefit communities, according to Charity Navigator.
When choosing a charity, look for one that dedicates less than 30% of its total costs to administration and fundraising expenses. That way, you can be sure your charity has an eye on maximizing your gift. Here are a couple of resources:
The Better Business Bureau
If complaints were stacked up against your charity, wouldn’t you want to know? In today’s world, you can read product reviews on retailer websites, TripAdvisor reviews for hotels and tourist attractions, and even ratings of your Lyft or Uber driver.
You can review complaints about charities at the Give.org, the BBB Wise Giving Alliance. Be sure to read carefully — just as you’d take any product review with a grain of salt, understand that some people have gripes that might seem unreasonable to others.
The holidays are a time where we think of others, and there certainly is a lot of need out there.
Before you take out your checkbook, do a little research to make sure your money is being put to good use.
—Forbes Content Ends—
Leffler Foundation Inc Profiles
LFI is a new charity so we’re a bit of a gamble, we understand that. We’d note that we ARE listed in the IRS database as a charitable organization that is able to receive 501c3 tax deductible donations. We are listed as Leffler Foundation Inc. LFI’s listing in the IRS database
Charity Navigator only scores established charities with a certain minimal revenue. This excludes new charities in practice. We are not listed in Charity Navigator.
Guidestar.org, an alternative to Charity Navigator does list us … LFI’s Guidestar.org page. As time allows we will build out this profile page.
Finally the article mentioned The BBB. Give.org is their site on charities. They have a 20 point process for becoming accredited. We are in the process of this process.
In addition to these sources we’d like to note our involvement with the following sites:
PayPal Giving Fund – we are a recognize charity for Paypal. Leffler Foundation Inc Paypal Giving Fund
Techsoup.org – Techsoup.org verifies charities for tech companies like Google, Facebook and Adobe. We are a registered Techsoup Charity