The Richmond Register

Lifestyles & Community

November 28, 2012

Make your charitable giving count

RICHMOND — It is the holiday season, a time many of us associate with giving. This year it coincides with one of the largest natural disasters our country has seen, Hurricane Sandy. There have been many opportunities to give to the victims of Sandy, and there will be more.

Unfortunately, some donations intended as charitable donations end up in the pockets of fraudulent solicitors. Scammers abound at times of tragedy. To make the most of your charitable giving, carefully research charitable organizations before donating.

Most people who give to charities don’t know that the law does not regulate the percentage of funds that a charity must use for its cause. Many charities spend as much as 75 percent of donated funds on administrative expenses and raising more money. Many charitable organizations use professional solicitors to raise funds. This practice is legal, yet some professional fundraising organizations keep an exceptionally large percentage of the donated money.

Under Kentucky law, solicitors are required to tell you that they are paid fundraisers.  Solicitors often ignore this law, so it is up to you to ask. Solicitors are also required to tell you what percentage of your donation will be used for the charity and how much goes toward fundraising. Before you give, ask yourself if you really want to give money to a charity that spends more than 20 percent of your contribution to administrative costs.

Fraudulent solicitors can be very crafty. They may suggest that you have given to their charity in the past. They may play on your emotions. They may use a name that is close to a well-known, legitimate charity to confuse you. 

You must listen closely to what the person is saying and be alert for warning signs of fraud.  The FTS suggests consumers follow a few precautions to make sure their money goes to the causes they intend to support.

Always ask for written information, including the charity’s name, address and phone number.  Legitimate charities will give you materials outlining the charity’s mission, explaining how your donation will be used, and informing you whether your contribution is tax deductible.

Know the difference between ‘tax exempt’ and “tax deductible.” Tax exempt means the organization doesn’t have to pay taxes. Tax deductible means you can deduct your contribution on your federal income tax return. If deductibility is important to you, ask for a receipt showing the amount of your contribution and stating that it is tax deductible.

Refuse high pressure appeals. Legitimate fundraisers won’t push you to give on the spot.

Avoid cash gifts, which can be lost or stolen. For security and tax record purposes, pay by check. Use the full name of the charity on your check.

There are several resources available for checking on charities including the American Institute of Philanthropy, The Better Business Bureau Wise Giving Alliance, Charity Navigator, and Charity Choices.

For more information on making the most of your charitable giving check one of these resources or call the Madison County Cooperative Extension Service, 623-4072, and ask for the new publication “ Make Your Charitable Giving Count”.

 

Educational programs of the University of Kentucky Cooperative Extension Service serve all people regardless of race, color, age, sex, religion, disability or national

origin.

1
Text Only
Lifestyles & Community
  • Bee on the lookout as beekeepers convene

    Summer vacation season is in full swing, and I had the pleasure of spending the last week and a half filling in at the Farm Store while the store manager, Bethany Pratt, got a welcome respite soaking up the beauty of Ireland.

    July 30, 2014

  • Amanda-Sears-c.jpg Cicada-killer wasps are here

    The extension office has received numerous phone calls over the past couple of weeks about large wasps hovering in yards all over the county.
    This insect is called the cicada killer, and despite its aggressive name, it is not something to be scared of.

    July 29, 2014 1 Photo

  • Brandon-Sears-c.jpg Converting from year-round calving to a controlled breeding season

    Maintaining a controlled breeding and calving season can be one of the most important management tools for cow-calf producers.
    Uniform, heavier and more valuable calves are key reasons to keep the breeding season short.

    July 29, 2014 1 Photo

  • 7-29 Nostalgia-Glenmore.jpg Paper boys learned life, business lessons

    I often flash back to the days from the mid to late 1930s when I was a paper boy.
    There were 10 or 12 of us who rolled out of bed at 5 a.m. every day, jumped on our bicycles and headed downtown to the Glyndon Hotel and picked up our papers for delivery.

    July 28, 2014 1 Photo

  • Dick-Ham.jpg Here’s why teachers aren’t paid enough

    The following were included in last year’s exams and were answered by 16-year-old high school students. The answers are genuine, and we must remember that these youngsters will grow up to vote, marry and become parents. It’s a scary thought.

    July 28, 2014 1 Photo

  • 7-24 4-H Entries 1.jpg 4-H exhibits are family affair for the Houstons

    Five children from the same family were the first to bring their 4-H exhibits Wednesday to the Madison County Fairgrounds.

    July 24, 2014 5 Photos

  • 7-22 Band Camp 1.jpg Band students ‛take over’ MCHS campus

    The Madison Central High School campus has been “taken over” for two weeks by 170 students attending band camp.

    July 21, 2014 6 Photos

  • Dr-Jack-Rutherford.jpg Warning labels needed on energy drinks

    The popularity of energy drinks has soared since they entered the marketplace, but at least one consumer group wants the FDA to order warnings on product labels.

    July 18, 2014 1 Photo

  • Donna-Moberly.jpg Full Gospel ‛Back to School Bash’ is Aug. 2

    Hello everyone.
    I guess everyone is asking, “How much rain did we get?”

    July 17, 2014 1 Photo

  • Katie-Rollins.jpg Thank the Lord for the rain

    Hello readers, it’s a stormy Monday evening as I write this, and I’ve been thanking the Lord all day for the good rain – over an inch in the gauge now, and it looks like more before morning.

    July 17, 2014 1 Photo

AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should Madison County’s three local governing bodies ban smoking in indoor public places?

Yes
No
     View Results