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On the Money: Making your charitable donations count

June 16, 2008

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If you've decided to make a donation to a charity but aren't sure which one yet, there are a number of factors you'll want to consider. One big question you may have is "where is your money going?"

Consider these tips from Carlos Lowenberg Jr., president of Lowenberg Wealth Management in Austin, Texas, to help you choose the right charity:

¢ Look for one that limits overhead costs. Request the organization's IRS Form 990 or use the Internet to determine how it uses donations.

¢ Distance yourself from fraudulent charities by disregarding e-mails from establishments you are not familiar with or do not support. Only sign checks to the exact name of the charity and not a variation of the title, to help reduce chances of potential scams.

¢ Don't forget benefits of potential tax deductions. Always request a receipt after donating.

¢ Focus on a specific cause, to reduce solicitations. You may request that charities not rent, sell or trade your personal information; just call or write a letter.

Comments

eduardoalarcon 6 years, 5 months ago

I know Carlos H. Lowenberg personally. I will never ever take his advice again nor purchase any product he sells. Did you know he owes the IRS over $1,000,000.00? Whose interest does he put first yours or his (commissions)? Did you know he is associated with the National Heritage Foundation? The NHF and it's REPRESENTATIVES are under investigation by Federal and State agencies.Posted by:Eduardo Alarcon19319 Inverness Dr.Spicewood, TX 78669(512) 217-6655eduardo.alarcon@sbcglobal.net...

eduardoalarcon 6 years, 5 months ago

This is a joke right Marshall? I know the guy you are quoting personally. He is involved with the National Heritage Foundation, the NHF and it's REPRESENTATIVES are under investigation by Federal and State agencies! He used to sell split dollar insurance policies along with the NHF. I would never ever take his advice or put my money into any scheme he comes up with.Posted by:Eduardo Alarcon19319 Inverness Dr.Spicewood, TX 78669(512) 217-6655eduardo.alarcon@sbcglobal.net...

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