BBB tips on giving wisely this Giving Tuesday
The Better Business Bureau has some tips so you can give wisely on this Giving Tuesday and throughout the holiday season.
BBB suggests that donors do their homework to make sure they are comfortable and confident in each charity they support. Listed below are some tips the BBB has released for donors to keep in mind.
1. Consider more than finances- How much money a charity spends on the actual cause, as compared to how much goes toward fund-raising and administration, is an important factor, but it's not the whole story. A charity with impressive financial ratios have other significant problems such as insufficient transparency, inadequate board activity and inaccurate appeals.
2. Research before you give - Even good friends may not have fully researched the charities they endorse, so don't just take their word for it. Expertise is available. Click here to see if a national charity meets the BBB's 20 Standards for Charity Accountability. Click here for information on local charities.
3. Be wary of high-pressure, emotional pitches - Giving on the spot is never necessary, no matter how hard a telemarketer or door-to-door solicitor pushes it. The charity that needs your money today will welcome it just as much tomorrow.
4. Verify donated items are needed - Worn out, unusable or unwanted donated goods cost charities millions of dollars each year because the organization has to bear the cost of tossing the unacceptable donation. If you have questions about an item's acceptability, call the charity and ask.
5. Confirm the charity's identity - With so many charities in existence, their names can blur in a donor's mind and similar-sounding organizations are common. Be sure you know which charity you're supporting and that it's not a case of mistaken identity.