| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



Charity Donations Basics - Articles Surfing

Charity is perhaps the best feature of humanity. It is a perfect way to support the downtrodden. There are many types of natural and man-made evils in our society. So, there are variable causes for which the blessed ones can and should donate. Unlike before, nowadays there are numerous charitable institutions across the globes that are working in different areas. The main aim of a charitable organization is to help the people in need and work for their development. For instance helping in the rehabilitation of victims of natural disasters like famines, tsunami, earthquakes etc., working for prisoners of war or any oppressed community, child education, women upliftment and so forth are some different tasks taken up by these organizations. So, charitable organizations can variously be literary, religious, scientific and so forth. These organizations largely rely on government grants and the charities/ donations by the well-to-do section of society in order to function or continue with their respective social service. However, people may have different motives behind donating money in these charitable foundations. While there are those who contribute for the sake of human welfare there are others who do it to earn recognition and save tax. Tax wavier possibly is one of the foremost reasons at the moment that instigates many affluent people, multinational companies, and corporations to give money in these institutions. However, those who donate for the purpose of saving tax should keep in mind that every charity is not tax deductible.

There are basically two types of non-profit organizations.

1. Charitable institutions that are exempted from paying taxes.

2. Institutions to which the donations made are tax-free. Such organizations are registered under the 501 (c)(3) category of the Internal Revenue Service. Once you make a donation to any such organization, get a receipt made as evidence to assist you in tax deduction.

But besides enlisted in the 501 (C)(3) category, several other things about an organization should be considered before making a donation.

' Check the annual report of the organization. Annual report will brief you with the requisite crucial details such as current work, situation, finances etc. of the organization.

' Also take into consideration the institutions aims and means proposed to achieve them.

' Notice the amount of donations the charity receives annually and its sources.

' In case of door- to- door solicitations, prior to parting off with your money, try to wrinkle out the important details (the name, full address, goals, licensing, tax deduction and so forth) of the organization. If that person is unable to present the details, he might be fake, trying to befool people.

Charities can be made in different forms. Giving cash is one way; other ways include giving those items that the constitution requires. For example if the charity is working for rehabilitation of tsunami victims then facilitating it with tents, food stuffs, clothing etc. will be an appropriate rather wonderful charity. Generally people are under the illusion that only large sum of money can be given as charity, but this is not the case like. Donation can be as small as 10 or 20 dollars. The amount does not actually make a difference, what actually matters are your philanthropic feelings and desire to contribute.

Submitted by:

Mansi Gupta

Mansi Gupta writes about charity donations. Learn more at http://www.givingtocharities.com.



        RELATED SITES






https://articlesurfing.org/politics_and_government/charity_donations_basics.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B