PC-ES Charitable Giving PC1337-Digital

TAX MANAGEMENT

CHARITABLE GIVING

ESTABLISH YOUR GOALS Reconsider giving money to every organization that sends you donation requests. Find a cause you are passionate about, and then identify organizations to support by determining whether your values and beliefs align with the organization’s mission. RESEARCH THE ORGANIZATION Do your homework before you make a donation. The organization should clearly articulate its mission and whom it serves, and be able to share outcomes. If you are interested in a tax deduction, confirm the organization’s 501(c)3 status. REVIEW THE CHARITY’S FINANCIALS Understand how your donation will be used. While overhead costs should not be a deal breaker, it is important to compare operating costs to program costs. Resources like Charity Navigator can help. CONSIDER ALTERNATIVE FORMS OF GIVING Don’t overlook the benefits to you and your cause from

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