What to Watch For When Donating

Veuer

When you are in school you are taught to share, and as adults, making donations is one way to keep sharing. Here are a few ways to know before making a donation. Veuer’s Keri Lumm has more.

Transcript

00:00 When you're in school, you are taught to share, and as adults, making donations is

00:05 one way to keep sharing.

00:07 Here are a few things to know before making a donation.

00:10 Make sure the money is going to an actual charity.

00:13 Scams are everywhere, even in the guise of a charity.

00:17 Money Talks News suggests website Charity Watch can be a good place to check whether

00:21 they are a legitimate group.

00:24 Check their IRS status.

00:26 Non-profits are usually listed with the IRS as a 501(c)(3).

00:31 This status should be clear when you make your donation.

00:35 Get a Receipt.

00:36 As long as it is a 501(c)(3), you should get a receipt for your donation for tax purposes.

00:42 It's nice to save a little on taxes when doing a good deed.

00:45 [MUSIC PLAYING]

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