Points To Consider While Doing Charity To NGOs
Most NGOs are funded by donations
from the general population while some receive funding from volunteers. They
can be charities, or act as the medium for political, religious, or other
endeavors. Many of the charities are registered for tax-exemption. Donating to
an NGO would fulfill one’s social responsibility. Before donating to any random
NGO, however, one must do adequate research. Given below are a few things to
check before committing to a charity.
Researching NGOs
·
It is
important for one to check the mission of any specific charity by observing its
description given on its website, or on other websites and select the NGO that
best fits his/her values.
·
One should
exclude charities that don’t match his/her values.
Assessing NGOs
·
For faith
based organizations, one must ask to view the organization’s listing in the
official directory for its denomination.
·
One should
compare the finances of different charities that are involved with similar
fronts, as the type of work an organization does can influence its operation
costs drastically.
·
An
established NGO would have a clear and defined mission and goals that are
easily achievable. Thus, obtaining these facts related to any organization is
necessary.
·
It is
highly recommended to avoid charities that don’t conduct their operations
professionally. These charities would implement pressure tactics, hesitate to
share information, and wouldn’t take ‘no’ for an answer. Reputed Charities will
be patient and willing to share information regarding themselves.
·
NGOs with
any accomplishments to boast of should be given a higher priority compared to
other organizations.
Miscellaneous Tips
·
One
shouldn’t forget about his/her contribution after making it. He/she must
further support the organization by following up with them, check their
progress since he/she made the donation, whether the NGO met its promises, etc.
·
If one is
instinctively doubtful about a particular NGO, he/she mustn’t contribute to it
and is advised to choose another organization with similar values and aims.
·
First and
foremost, one must identify where his/her preference lies in terms of the type
of charity, such as environment protection, animal welfare, aiding sick
children, etc., and where the NGO would operate, whether in one’s own neighborhood,
province, country or in other countries as well.
· After identifying one’s preferences, he/she must search for charities that would meet the decided criteria.
· After identifying one’s preferences, he/she must search for charities that would meet the decided criteria.
·
One must
ensure that the NGO he/she is evaluating is legitimate in that it is recognized
by the IRS to provide tax exemptions for any Donation Under 80g
section of the Income Tax Act of 1961. This can be verified by requesting for
the letter of determination of the organization.
·
One is
advised to deal with the chosen NGOs directly instead of donating through
telemarketers, who may take some part of your donation.
Final Thoughts
It is imperative that the NGO one donates to is verifiably registered by
the IRS and thus, provides tax exemptions on any Donation Under Sec 35 ac of the
Income Tax Act of 1961. The NGO must be transparent in its approach and
interacted with directly. In conclusion, the above-mentioned tips are important
to keep in mind when looking for a well-established and trusted NGO.
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