When you think about all the bad going on in this world, it always helps when you realize that there are people and organizations out there that are doing what they to make things better. Donating to these charities can be a huge satisfaction because you know that you are contributing to this mission of creating a better society. Keeping this in mind, you want to make sure that your money is going to the right place and it can be very discouraging when learning about all the different charity scams that are amongst us. That is why it is important to do your research when seeking a reputable charity to donate to. Here are three tips that you should consider when determining the legitimacy of a charity.
Get all the information that you need
You are going to want to know all that you possibly can about the charity you are looking to donate to. This includes learning about their mission and the programs that have. Try to find out if they have measurable goals and see if they have made any progress in the past to achieve these objectives. You also want to be sure that they practice ethical behaviors. Be aware of nonprofits that are not willing to discuss their finances and programs or use pressure tactics as reputable organizations will not do any of that. Another thing to be on the lookout for as charities that have family affiliations on their board as this has the potential for problems, so try to find ones that have a more diverse board.
Where is the money going?
You also want to get a good idea where your money is going so be sure to get information about how the organization allocated their money. According to Sarah Minutti who is the Vice President of Marketing and CFO for Charity Navigator, if it is a large charity, you will want to aim for the ones who distribute at least seventy-five percent of their funds to their program and no more than twenty-five percent to administrative funds. These are important metrics the consider because you want to make sure that your money is going to be distributed appropriately to help that particular cause.
Trust your instincts
When it comes down to it, you want to feel good about your contribution. You have good intentions in mind, and you want to assure that they are fulfilled. So sometimes you may just have to trust your gut and if you are feeling uneasy about a certain charity, try and find another one that is working to support the same cause you have in mind. It is your money, and you want to feel comfortable knowing that it will go to the right place. Luckily, there are so many organizations looking to achieve a variety of things, so chances are if it is not working out for one, you are bound to find another that fits your criteria.