11/10/21, 9:45 AM
Tips for Making the Most Out of a Charitable Donation | Team Reed Foundation | Houston, Texas
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TIPS FOR MAKING THE MOST OUT OF A CHARITABLE DONATION by Team Reed Foundation | Nov 1, 2021 | Charity, Team Reed Foundation
There are several worthy causes to support and to help make a meaningful impact on. Especially since 2020, there are many people and communities in need of our help. However, when donating to charities and other non profit organizations, not all donations are created equal. Here’s how you can make the most out of a charitable donation: Whether the Donation is Tax Exempt One of the great perks of donating is that you can get a tax deduction. If you’re looking to get a tax deduction, it’s important to check wether or not the donation is tax exempt because not every charity out there is. This is also a great indicator of whether a charity is legit. If a a donation to an established charity does not qualify for the exemption, then you should second guess your donation. The best way to check if your donation is tax exempt is by going to the IRS website and looking for the charity you’d like to donate to. Do Your Research If you want to make the most out of your charitable donation, then you need to do some research. When you give to the first charity you see, you might not be making the impact you that you were. https://patrickreedfoundation.com/tips-for-making-the-most-out-of-a-charitable-donation/
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