The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/if-you-give-money-however-little-to-a-charity-29252967.aspx

Subject:  Re: Charitable Donations Date:  4/21/2011  1:06 PM
Author:  ptheland Number:  113253 of 121572

If you give money, however little, to a charity they will, on the average, send you a letter a month asking for more. And some operate telephone banks that call you every month or so for more money. If you give them $25/year, it will all be wasted on letters and telephone calls.

Quite often those fund raising activities are carried on by an outside company. That company is compensated as a percentage of the funds they raise. The costs of the mail and phone solicitations are borne by the fund raising company.

If you are really concerned about the issue, you can always ask to get a copy of the charity's Form 990. That will show how much of their money is spent on fund raising vs. doing their actual charitable work.

--Peter
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us