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.