subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Money & Meaning / Family Matters /
Advisors’ Forum
Given to Distraction
03/01/2006

It is important to give with your heart–but be guided by facts. To determine if an organization asking for donations is legitimate, search for it on our website: www.guidestar.org. All nonprofits in our database are recognized by the IRS. Our basic search results also tell whether contributions to a specific organization are deductible. There is no charge to use our basic search.

If you do not find a nonprofit on GuideStar, ask to see its IRS letter of determination, or, if it is faith-based, its listing in an official church directory. If the organization is not on GuideStar and cannot produce one of these items, do not give to it.

Another approach is to ignore the unsolicited requests your employer receives and establish a giving plan based on her giving priorities. You can research charities on GuideStar to identify the ones doing work your employer would want to support.

Bob Ottenhoff, GuideStar, Williamsburg, Va.

While worthiness is always in the eyes of the donor, there are places to go to for help. The Better Business Bureau Wise Giving Alliance produces in-depth evaluative reports on national charities. These are available at www.give.org.

To reduce donor mail volume: 1) Decide which charities you want to support and discard the rest. 2) Focus your giving. Twenty gifts of $10 each can put you on many lists. 3) At the time of the donation, let the charity know you do not want your name and address shared with others. 4) If you ask a charity to remove your name from its mailing list, send it all versions of the mailing labels you received on its appeal letters. 5) Register with the Mail Preference Service of the Direct Marketing Association (www.dmaconsumers.org) so that it can add you to the do-not-mail file.

Bennett Weiner, Better Business Bureau Wise Giving Alliance, Arlington, Va

Send Us Your Questions. Are you wrestling with family issues, business governance or succession decisions, investment or estate planning dilemmas, problems related to philanthropic activities or foundations, or a similar predicament? We invite you to email a detailed question to advisorsforum@worth.com.

1 | 2 |
Printer Friendly Version  Email a Friend


Related Articles
» Government Queries Charity Valuations
» Buffett Donation Changing Giving
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference