Guide to Charitable Donations

The American Way Charities main thrust and objective is to improve communities by helping average American citizens throughout the Untied States. Every American is interested in helping their fellow Americans by donating their hard-earned money to an organization that will provide real charitable services. We feel strongly that if you are interested in initiating a charitable donation, that you follow the following guidelines:

  1. Think of Your Monetary Donation as an Investment.

    Your charitable gift should be categorized as an investment to an organization that will provide the charitable services to individual recipients that are in need of help. Your donation shall give you personal satisfaction and improve the life and/or lives of those individuals in need of financial support.

  1. Make Sure that You do Your Due Diligence.

  2. When making a decision of where to donate, it is imperative that you research and get all of the facts. It is important that prior to donating your hard-earned money to an organization, you must be sure to avoid fraudulent organizations and be sure that your donation will be properly invested and help those recipients that need the help the most. In an effort to avoid fraudulent nonprofit organizations, be sure that the designated charity does not participate in the following business activities:

    • Requesting cash only donations

    • Providing little or no information about the organization

    • Applying pressure for you to donate

    • Soliciting appeals disguised as bills or invoices

  1. Be Sure to Understand the Tax Benefits of Donating

  2. One of the most advantageous benefits of making charitable donations is that they are tax deductible. Remember that you will always be required to provide the proper IRS documentation when filing your annual income tax return. The Internal Revenue Service requires a receipt for each tax-deductible contribution of $250.00 or more. In addition, you may be required to provide additional documentation for non-cash donations that exceed $500.00.

  1. It is Important to Decide the Amount and How You Will Donate

  2. In the majority of cases, the financial donation is the most prevalent method of donating. There are addition methods of donating to your most favorite charitable organization and that is by donating real and personal property, goods and is some cases your valuable time. There are other acceptable options on donating, which include online, via mail, via payroll deduction or through a donor-advised fund. It may be to your advantage to ask your employer is they would duplicate your charitable donation, which would extend and/or maximize your donation.

  1. Be Sure to Follow Up Your Charitable Donations

  2. Try to remember that once you have submitted your donation, record it on your calendar with other important dates and/or meetings. In addition, you may want to be sure to record dates, amounts, and uses for your donation. Make sure that you secure a receipt acknowledging your donation. Be as diligent as possible and do not depend and/or rely on a canceled check to substitute as your receipt.