December 11, 2019
As the end of the year approaches, we see more charitable solicitations arriving in our mailboxes and by e-mail. Since some charities sell their contributor lists to other organizations, frequent contributors may find themselves besieged by requests from charities with which they aren’t familiar.
Be careful: There are scammers out there pretending to be legitimate charities and looking to take advantage of your generosity.
With this in mind, here are five tips to make sure your contributions go to legitimate charities:
Also, remember that charitable contributions aren’t deductible if you can’t substantiate them. Forms of substantiation can include a bank record (such as a cancelled check) or a written communication from the charity (such as a receipt or a letter) showing the charity’s name, the date of the contribution, and the amount of the contribution.
In addition, if the contribution is worth $250 or more, the donor must also get an acknowledgement from the charity for each deductible donation.
On top of giving money to a bogus organization, your donation to a charity that isn’t legitimate won’t be tax-deductible. So be vigilant, and if you have any questions related to charitable giving, give us a call.
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