Skip to main content

5 Tips for Charitable Giving

Nov 17, 2016 06:06PM, Published by Melanie Heisinger, Categories: In Print, Today




Season of Giving 

 

While many people may be thinking of pumpkins, apple picking and football in the fall, this time of year also marks the beginning of the holiday giving season.

Savvy donors understand the practical benefit of giving before the end of the calendar year - to ensure credit is received on their next tax return. In fact, about 34 percent of all charitable giving is done in the last three months of the year, according to Blackbaud Inc., a leading supplier of software and data intelligence services for nonprofit organizations.

If you are planning to support a charitable organization this holiday season, consider these tips for smart giving.

Do your research. More than 1 million charities are registered with the Internal Revenue Service (IRS). Compare organizations and study how they function by visiting sites such as the Better Business Bureau. The best charitable organizations ensure that the majority of their revenue goes to the causes they support, not operating expenses.

Only give to registered charities. In order to accept donations, most charitable organizations - depending on the state - must be registered with the Department of Justice (DOJ). Before you donate, check your state’s DOJ database to confirm the organization is registered.

Make sure your gift is tax-deductible. The government recognizes the value of charitable organizations, so many contributions to approved charities are tax-deductible. The key to receiving a tax deduction is making sure the charitable organization you choose is qualified by the IRS. To be sure, visit the IRS website. You must also keep accurate records, so get a written acknowledgment or receipt for your financial contribution.

For those who can’t afford to contribute financially to a cause, there are other ways to make a positive local impact throughout the year.

Do business with companies that also give back. According to the National Philanthropic Trust, corporate giving in 2015 increased to $18.46 billion - a 3.9 percent increase from $17.77 billion in 2014. Companies - large and small - are finding new ways to enhance their own corporate giving.

For instance, Ply Gem Industries, a leading U.S. manufacturer of home building products including windows, siding, roofing and more, recently launched the Home for Good project to build affordable housing across America. The company made a multi-year commitment to donate more than $1 million in products and funds to Habitat for Humanity - helping build nearly 300 homes in 2016 alone - with company associates and industry professionals also volunteering their time to support the project.

“Corporations today have an obligation to the communities they serve,” says Gary E. Robinette, chairman and CEO, Ply Gem Industries. “In fact, multiple studies show that consumers are increasingly more willing to do business with companies that make positive social impacts. Ply Gem’s Home for Good project embodies this philosophy while ensuring that we help make the communities where we live, work and play better.”

Take your giving beyond a monetary donation by getting involved. The holiday season often serves as a reminder for citizens to give back by volunteering their time. Check out programs like Home for Good, which offer the opportunity to volunteer in cities across the United States. To find ways to make a difference in your area, visit www.homeforgoodproject.com.

By following these tips, you can make a difference this season and reduce your tax burden for the upcoming year. 

 

Courtesy of BPT.


Like what you're reading? Subscribe to Mansfield Magazine's free newsletter to get regular updates



Embed this content on your website

Embed


holiday Financial Matters


  • DFW Solar Awareness Day

    03/28/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Reads! Program: Yoga Demystified

    03/28/2017
    06:00PM — 07:00PM

    Every body is a yoga body! Join us as yoga instructor Carla Henslee discusses the history of yoga...


  • Latin Dance with Loui

    03/28/2017
    06:30PM — 07:30PM

    2 free series starting Feb. 28 "Latin Dance with Loui" lets adult participants sample a variet...


  • DFW Solar Awareness Day

    03/29/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • DFW Solar Awareness Day

    03/30/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Kennedale Legislative Day - Trip to Austin

    03/30/2017
    06:00AM — 07:00PM

    The Kennedale Area Chamber of Commerce will travel to Austin on March 30, 2017 to meet with sever...


  • Aging Well Expo

    03/30/2017
    09:00AM — 03:00PM

    Arlington is committed to the health of its community! This FREE expo is packed with health profe...


  • “America the Beautiful” - Linda Smith

    03/30/2017
    11:00AM — 06:00PM

    You are invited FEATURED ARTIST’S SHOW and RECEPTION Giddens Gallery of Fine Art in Grapevine ...


  • Reads! Program: A Taste of India

    03/30/2017
    05:30PM — 08:30PM

    Join Chef Adair Smith of Savvy’s Bistro & Mansfield ISD for a culinary tour of India. Participant...


  • DFW Solar Awareness Day

    03/31/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Spring Season Starts

    03/31/2017
    10:00AM

    Soccer Shots is an engaging children's soccer program with a focus on character development. Our ...


  • “America the Beautiful” - Linda Smith

    03/31/2017
    11:00AM — 06:00PM

    You are invited FEATURED ARTIST’S SHOW and RECEPTION Giddens Gallery of Fine Art in Grapevine ...


  • Bobby Borgia

    03/31/2017
    08:00PM

    Borgia’s performances span the globe, from Asia and Europe, to Las Vegas and Hollywood’s world fa...


  • DFW Solar Awareness Day

    04/01/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • 20th Annual Zoo Run

    04/01/2017
    06:30AM

    Join us for the 20th annual Zoo Run! Run, walk or jog your way through the Zoo and surrounding ne...


  • Zoo Run

    04/01/2017
    08:00AM — 12:00PM

    It’s time for the 20th annual Zoo Run at the Fort Worth Zoo! Support the zoo’s local and internat...


  • Spring Season Starts

    04/01/2017
    09:30AM

    Soccer Shots is an engaging children's soccer program with a focus on character development. Our ...


  • Spring Health Festival

    04/01/2017
    10:00AM — 01:00PM

    Title Sponsor - Methodist Mansfield Medical Center FREE activities for all! Health Screenings...


  • “America the Beautiful” - Linda Smith

    04/01/2017
    11:00AM — 06:00PM

    You are invited FEATURED ARTIST’S SHOW and RECEPTION Giddens Gallery of Fine Art in Grapevine ...


  • This is an hour and a half class that covers the basics of sugar (cutout) cookie decorating. Each...


  • Spotlight on Millipedes!

    04/01/2017
    05:00PM — 06:00PM

    Do millipedes really have a thousand legs? You can count for yourself at our next Spotlight! Lear...


  • Texas on Tap

    04/01/2017
    05:30PM — 10:00PM

    Join us for a special LAW birthday celebration! We are turning one! Enjoy a special 3-course menu...


  • DFW Solar Awareness Day

    04/02/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Spring Season Starts

    04/02/2017
    03:30PM

    Soccer Shots is an engaging children's soccer program with a focus on character development. Our ...


  • DFW Solar Awareness Day

    04/03/2017
    12:00AM

    Hello! We are putting together a day for solar awareness in the DFW area! Talk to your friends...


  • Colors for Caring Day

    04/03/2017
    08:00AM

    On the first Monday of each month in the 2016-17 school year, Mansfield ISD is encouraging the co...


  • Rangers Baseball Returns

    04/03/2017
    06:00PM

    There’s nothing like the boys of summer to excite and thrill fans in the Metroplex! The Texas Ran...


  • Kennedale Legislative Day - Trip to Austin

    03/30/2017
    06:00AM — 07:00PM

    The Kennedale Area Chamber of Commerce will travel to Austin on March 30, 2017 to meet with sever...


  • Aging Well Expo

    03/30/2017
    09:00AM — 03:00PM

    Arlington is committed to the health of its community! This FREE expo is packed with health profe...


  • Reads! Program: A Taste of India

    03/30/2017
    05:30PM — 08:30PM

    Join Chef Adair Smith of Savvy’s Bistro & Mansfield ISD for a culinary tour of India. Participant...


  • Bobby Borgia

    03/31/2017
    08:00PM

    Borgia’s performances span the globe, from Asia and Europe, to Las Vegas and Hollywood’s world fa...


  • 20th Annual Zoo Run

    04/01/2017
    06:30AM

    Join us for the 20th annual Zoo Run! Run, walk or jog your way through the Zoo and surrounding ne...


  • Spring Health Festival

    04/01/2017
    10:00AM — 01:00PM

    Title Sponsor - Methodist Mansfield Medical Center FREE activities for all! Health Screenings...


  • Mansfield ISD MultiCultural Festival

    04/04/2017
    11:00AM — 03:00PM

    Did you know Mansfield ISD has more than 33,000 students, and there are more than 110 languages s...


  • Latin Dance with Loui

    04/04/2017
    06:30PM — 07:30PM

    2 free series starting Feb. 28 "Latin Dance with Loui" lets adult participants sample a variet...


  • SPRING PLANT SALE

    04/07/2017
    02:00PM — 06:00PM

    Come to the spring plant sale and choose from a wide assortment of annuals, citrus trees, fruit t...


  • We're pleased to announce a Mansfield Reads! program, Movie Night at the Farr Best Theater, in pa...


  • Bunny Brunch

    04/08/2017
    09:00AM

    Spring has sprung in Mansfield, and with it comes the return of the Mansfield Activities Center’s...


  • SPRING PLANT SALE

    04/08/2017
    09:00AM — 02:00PM

    Come to the spring plant sale and choose from a wide assortment of annuals, citrus trees, fruit t...


 

Image title
Mansfield Area High School Sports

Community Champions