The Common Mistakes People Make when Donating to Charities
By Space Coast Daily // January 25, 2020
As we grow up; we are taught the importance of giving. So we give. You may think that giving to charity, in itself is a good thing, but there are right and wrong ways to give.
The best rule when it comes to contributing to charitable organizations is to take your time. Rushing into it will not help you make well-informed choices.
Here are some of the mistakes that people make when donating to charities.
Failing to create a practical donation strategy
A lot of people tend to make charitable contributions by responding instantly to requests, usually after a natural disaster, such as fire, floods, and hurricanes.
Helping those people that are in need is excellent. The problem is that if you donate this way, you may end up overusing the money you can donate without donating to your favorite types of causes. Instead, you should take your time and look for the charitable organizations that support those causes and then finance them every year.
Failing to research a charity organization
Majority of people donate to service groups because they have been recommended by family and friends. But you should know that even your family and friends may not have extensively researched the charities they recommend. So don’t take their word just like that.
Just because the service group’s name has a cause that you support doesn’t mean it is the right one for you. For example, there are several charities devoted to fighting cancer, but each one has a different mission and strategy. So you can choose to donate to an umbrella group or a group that targets a certain type of research.
If you want to support a local charity, you can volunteer and find out yourself what it has achieved or read through its site such as this site yadezra.net
You should also find out if the organization is managing its money properly. As a rule, a charity organization should spend 75% of its money on its mission, and the rest on administration and fundraising.
Donating to strangers
It is admirable to give a few bucks to a homeless person, but it is not advisable to give money to solicitors with clipboards or the telemarketers who give you a call and you are not familiar with their group.
Otherwise, you could become an identity of theft victim if you handed over your credit card number. You should also not donate over the phone because most of these charity telemarketers have been employed by for-profit organizations that usually keep a significant portion or all the money they have collected.
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