Charitable donations can be a great way to help people and organizations in need. However, prior to making such contributions, there are certain issues individuals should take into consideration. This brief blog highlights what some of these concerns should be.
Execute Due Diligence
Before signing a check made out to a specific organization, financial experts and business ethics professionals recommend conducting extensive research on said entities. Individuals are advised to discover if the business in question is registered as charitable organization, has experienced any consumer complaints and can clearly demonstrate the programs and services financed by financial donations.
Does The Charity Have Frequent Or Regular Donors?
Many respected charities will draw the attention of numerous donors, as well as some individuals who will make said contributions on a regular basis. Prior to donating to any organization, donors are encouraged to conduct research regarding if said agency can produce a list of regular contributors.
Trust Any Gut Feelings
It might be an old cliché, but the words if it does not feel right, it probably does not ring true. Should a prospective donor feel uneasy about any of the organization’s practices, said individual should probably trust any negative instincts and donate their hard earned money elsewhere.
What Is The Agency’s Defined Mission?
Most reputable charitable organizations adhere to a specific mission, which is an established set of goals said entity aims to meet. These goals are often written in what is known as a mission statement. Said statement is one or two paragraph declaration describing who the organization is, what said entity strives to accomplish, why the charity in question is important to them and how interested parties could help the organization complete said mission. A mission statement should appear on the organization’s website or be found in any promotional literature submitted to prospective donors.
Find Out What Major Business And Government Regulators Are Saying
In most instances, well-known, reputable charities will be recognized and receive positive reviews from major business watchdog agencies and state monitoring entities. Groups such as the Better Business Bureau and various state agencies should know who a said charity is and offer a review of said agency’s activities. Suspicions could be raised if any of the preceding watchdog groups have no knowledge of the charity or offer poor reviews of said entity’s practices.
Originally posted on DrLoriGoreGreen.net on May 13, 2019.