Giving To Charity: Is Your Money Being Used Wisely? - Fox 2 News Headlines

The Willis Report

Giving To Charity: Is Your Money Being Used Wisely?

Posted: Updated:

Americans are the most generous people in the world giving an eye popping  310 billion dollars to charities last year. But if you like to donate, it pays to be sure your money is being used wisely.

According to the New York Attorney General's office, of charities that used telemarketers to fundraise, 62 cents of every dollar donated were kept by those telemarketers. In half of the fundraising campaigns run by telemarketers, the charities retained less than 30 percent of the funds raised. That's not a good return on investment.

And, it's not just pricey fundraising that puts your dollars at risk. Bloated executive salaries, mushy missions and soundalike charity names can all result in a waste of your charity dollars.

So, be sure to check out your charity before you donate. One great resource is CharityNavigator.org. This website does the heavy lifting for you, vetting many players. If your favorite charity is not on the site, ask basic questions. Is the organization a legitimate not for profit? If the entity doesn't have that designation, you can't deduct contributions on your taxes. Avoid any charity using telemarketers.

Read the mission statement. You should look for organizations that have concrete goals. Charities should also tell you how much of each dollar they receive is going to their cause. Watch for high operating expenses.

Finally, if you have a specific charity you want to give to, be sure to get the name exactly right before you stroke a check. Scammers try to take advantage of your goodwill by promoting ventures whose names sound legit or mimic those of established charities.

Use your charity dollars wisely. Remember, the more care you give in dispensing your money, the more causes you can help.

  • PoliticsMore>>

  • President Obama Concludes Visit To LA With Fundraisers

    President Obama Concludes Visit To LA With Fundraisers

    Thursday, July 24 2014 12:05 PM EDT2014-07-24 16:05:08 GMT
    President Barack Obama is set to conclude a planned 24-hour visit to the Los Angeles area today by participating in another Democratic National Committee fundraiser and speaking at Los Angeles Trade-Technical College about the economy.
    President Barack Obama is set to conclude a planned 24-hour visit to the Los Angeles area today by participating in another Democratic National Committee fundraiser and speaking at Los Angeles Trade-Technical College about the economy.
  • Poll: Voters Say Obama Exceeded Authority, But Oppose Impeachment

    Poll: Voters Say Obama Exceeded Authority, But Oppose Impeachment

    Thursday, July 24 2014 11:05 AM EDT2014-07-24 15:05:53 GMT
    Despite believing Barack Obama has overstepped his authority as president, most voters reject calls to impeach him for that -- or for any other reason.
    Despite believing Barack Obama has overstepped his authority as president, most voters reject calls to impeach him for that -- or for any other reason.
  • Agents Get Subsidized 'Obamacare' Using Fake IDs

    Agents Get Subsidized 'Obamacare' Using Fake IDs

    Wednesday, July 23 2014 12:57 PM EDT2014-07-23 16:57:39 GMT
    Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.
    Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices