Wednesday, August 31, 2016

Charitable Giving - Tips to Keep in Mind When Donating


Specializing in wealth and alternative asset investment management, Enviso Capital, LLC, provides financial planning for individuals, families, and institutions. One area Enviso Capital specializes in is charitable giving. Here are helpful tips to keep in mind when donating to a charity:

1. Before choosing a charity to donate to, it is important to do research to find out how donations are allocated to determine if the donation will go towards the intended purpose. There are a number of websites that provide information about how charities use their donations.

2. It is important to check with national, state, and local authorities to be sure that the charity is registered with the Internal Revenue Service (IRS). The IRS website also allows users to search for nonprofit organizations.

3. Seek specific information from the charity. An organization's purpose should not be vague. Instead, it should be clear what kind of relief is provided.