Madison, WI,
01
October
2014
|
06:43 PM
America/Chicago

Support Your Community's Dreams with Charitable Giving

Give wisely to causes that make a difference.

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Giving to charities and good causes is a remarkably rewarding way to make a difference in others’ lives.

With the gift-giving season approaching, many people give to charities in lieu of holiday gifts. It’s a great way of contributing to the dreams of others. And, the happiness and satisfaction you get from giving can help inspire your own dreams, too.

If you’re considering charitable giving during the upcoming holiday season or any other time, keep these ideas in mind.

Do Your Homework

Get Organized

  • Once you’ve selected a charity (or charities), make an annual donation plan.
  • Visit this Internal Revenue Service (IRS) webpage to find out which organizations are eligible to receive tax-deductible contributions.
  • Understand the difference between “tax exempt” and “tax deductible.” Tax exempt means the organization doesn’t have to pay taxes. Tax deductible means you can deduct your contribution on your federal income tax return.
  • Keep a record of your donations.

Be Savvy

  • Make donations within your means. You want to feel good about being generous, right?
  • Don’t provide your credit card number or personal information until you’ve thoroughly researched the charity and are assured of its legitimacy.

By contributing with passion, wisdom and care, you can be a positive force for good in your community.